CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Reaches New 52-Week High – What’s Next?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.14 and last traded at $36.0650, with a volume of 1776 shares trading hands. The stock had previously closed at $35.79.

CoreCommodity Natural Resources ETF Trading Up 0.6%

The company’s 50 day moving average is $32.84 and its 200 day moving average is $30.48. The company has a market cap of $13.02 billion, a PE ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 8th were paid a dividend of $1.1419 per share. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend was Monday, December 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCNR. Joseph Group Capital Management bought a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter valued at $11,920,000. Goldman Sachs Group Inc. bought a new position in shares of CoreCommodity Natural Resources ETF during the 1st quarter worth $5,103,000. Finally, Jane Street Group LLC bought a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter worth $501,000.

About CoreCommodity Natural Resources ETF

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. CCNR was launched on Jul 10, 2024 and is issued by SS&C.