CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Stock Price Down 2% – What’s Next?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price traded down 2% during mid-day trading on Wednesday . The company traded as low as $36.79 and last traded at $37.01. 20,464 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 35,882 shares. The stock had previously closed at $37.78.

CoreCommodity Natural Resources ETF Price Performance

The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 12.52 and a beta of 41.10. The firm’s fifty day moving average is $40.50 and its 200-day moving average is $38.29.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Financial Services Inc. acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 1st quarter valued at about $223,000. OLD Mission Capital LLC lifted its position in shares of CoreCommodity Natural Resources ETF by 90.1% during the fourth quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock worth $912,000 after purchasing an additional 13,195 shares during the last quarter. Royal Bank of Canada acquired a new position in CoreCommodity Natural Resources ETF in the fourth quarter worth about $639,000. MML Investors Services LLC acquired a new position in CoreCommodity Natural Resources ETF in the fourth quarter worth about $239,000. Finally, LPL Financial LLC bought a new stake in CoreCommodity Natural Resources ETF in the fourth quarter valued at about $417,000.

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