CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Reaches New 12-Month High – What’s Next?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.02 and last traded at $29.91, with a volume of 2809 shares. The stock had previously closed at $29.74.

CoreCommodity Natural Resources ETF Stock Performance

The firm’s 50 day simple moving average is $27.84 and its 200-day simple moving average is $25.70. The company has a market cap of $10.85 billion and a price-to-earnings ratio of 12.52.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Joseph Group Capital Management acquired a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter worth $11,920,000. Goldman Sachs Group Inc. acquired a new stake in CoreCommodity Natural Resources ETF during the 1st quarter worth $5,103,000. Finally, Jane Street Group LLC acquired a new stake in 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.