CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Gap Down – Should You Sell?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $33.36, but opened at $32.14. CoreCommodity Natural Resources ETF shares last traded at $32.0690, with a volume of 172 shares traded.

CoreCommodity Natural Resources ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $31.66 and its 200-day simple moving average is $28.94. The company has a market capitalization of $13.67 billion, a PE ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Announces Dividend

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

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in CoreCommodity Natural Resources ETF during the first quarter valued at approximately $5,103,000. Joseph Group Capital Management acquired a new stake in shares of CoreCommodity Natural Resources ETF in the second quarter worth $11,920,000. Finally, Jane Street Group LLC purchased a new position in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at $501,000.

CoreCommodity Natural Resources ETF Company Profile

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.