CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Gap Up – Time to Buy?

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) gapped up before the market opened on Wednesday . The stock had previously closed at $20.70, but opened at $22.35. CoreCommodity Natural Resources ETF shares last traded at $22.31, with a volume of 119 shares.

CoreCommodity Natural Resources ETF Price Performance

The stock has a market cap of $7.28 billion and a price-to-earnings ratio of 11.92. The company’s fifty day moving average price is $23.70 and its 200-day moving average price is $24.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC increased its stake in shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,094,180 shares of the company’s stock after buying an additional 539,791 shares during the quarter. CoreCommodity Natural Resources ETF comprises approximately 54.6% of CoreCommodity Management LLC’s investment portfolio, making the stock its biggest holding. CoreCommodity Management LLC owned 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.