Core Alternative ETF (NYSEARCA:CCOR) Stock Price Up 0.1% – Still a Buy?

Shares of Core Alternative ETF (NYSEARCA:CCOR) traded up 0.1% on Wednesday . The company traded as high as $26.06 and last traded at $25.96. 79,668 shares traded hands during mid-day trading, an increase of 917% from the average session volume of 7,836 shares. The stock had previously closed at $25.94.

Core Alternative ETF Price Performance

The business has a fifty day moving average price of $26.47 and a two-hundred day moving average price of $26.46. The firm has a market capitalization of $29.08 million, a price-to-earnings ratio of 22.20 and a beta of 0.15.

Institutional Trading of Core Alternative ETF

A hedge fund recently bought a new stake in Core Alternative ETF stock. Sound Income Strategies LLC purchased a new position in shares of Core Alternative ETF (NYSEARCA:CCOR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,722 shares of the company’s stock, valued at approximately $46,000. Sound Income Strategies LLC owned approximately 0.12% of Core Alternative ETF at the end of the most recent quarter.

About Core Alternative ETF

The Core Alternative ETF (CCOR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR was launched on May 24, 2017 and is managed by Core Alternative.