CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sets New 52-Week High – Time to Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $43.85 and last traded at $39.87, with a volume of 2820 shares. The stock had previously closed at $39.86.

CoreCommodity Natural Resources ETF Stock Performance

The company has a market cap of $15.11 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62. The firm has a 50-day moving average price of $39.08 and a 200 day moving average price of $34.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in CoreCommodity Natural Resources ETF in the first quarter valued at approximately $5,103,000. OLD Mission Capital LLC grew its position in CoreCommodity Natural Resources ETF by 90.1% in the 4th quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after buying an additional 13,195 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 4th quarter worth approximately $639,000. Jane Street Group LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 2nd quarter worth approximately $501,000. Finally, LPL Financial LLC bought a new position in shares of CoreCommodity Natural Resources ETF in the fourth quarter valued at approximately $417,000.

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.