CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Gap Up – Here’s Why

CoreCommodity Natural Resources ETF (NASDAQ:CCNRGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $26.92, but opened at $28.00. CoreCommodity Natural Resources ETF shares last traded at $26.77, with a volume of 173 shares changing hands.

CoreCommodity Natural Resources ETF Trading Down 0.3%

The firm has a market cap of $9.81 billion and a price-to-earnings ratio of 12.14. The stock’s 50 day moving average is $24.59 and its 200 day moving average is $24.07.

Institutional Trading of CoreCommodity Natural Resources ETF

An institutional investor recently raised its position in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC boosted its holdings in shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNRFree Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,094,180 shares of the company’s stock after acquiring an additional 539,791 shares during the quarter. CoreCommodity Natural Resources ETF accounts for about 54.6% of CoreCommodity Management LLC’s portfolio, making the stock its largest position. CoreCommodity Management LLC owned 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 at the end of the most recent quarter.

About CoreCommodity Natural Resources ETF

(Get Free Report)

The ALPS CoreCommodity Natural Resources ETF (CCNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to maximize real returns through an actively managed portfolio of companies from around the globe that are engaged in natural resources, which includes energy, agriculture, as well as base and precious metals and minerals.

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