CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Hits New 12-Month Low – Here’s What Happened

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.84 and last traded at $21.64, with a volume of 115 shares trading hands. The stock had previously closed at $23.30.

CoreCommodity Natural Resources ETF Trading Down 7.9 %

The stock’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $24.40. The company has a market cap of $7.70 billion and a price-to-earnings ratio of 12.38.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

An institutional investor recently raised its position in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC lifted its stake in shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,094,180 shares of the company’s stock after acquiring an additional 539,791 shares during the period. CoreCommodity Natural Resources ETF accounts for approximately 54.6% of CoreCommodity Management LLC’s portfolio, making the stock its biggest position. CoreCommodity Management LLC owned about 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 at the end of the most recent reporting period.

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.