CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Down 4.3% – Should You Sell?

CoreCommodity Natural Resources ETF (NASDAQ:CCNRGet Free Report) shares fell 4.3% during trading on Tuesday . The stock traded as low as $31.91 and last traded at $31.91. 2,068 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 32,031 shares. The stock had previously closed at $33.36.

CoreCommodity Natural Resources ETF Trading Up 1.3%

The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62. The stock’s 50 day moving average is $31.72 and its two-hundred day moving average is $28.99.

CoreCommodity Natural Resources ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 8th were given 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 Investors Weigh In On CoreCommodity Natural Resources ETF

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

CoreCommodity Natural Resources ETF Company Profile

(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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