Core Alternative ETF Sees Minor Decline, Dividend Announced

The stock price of the Core Alternative ETF (NYSEARCA:CCOR) experienced a slight decline of 0.2% during trading on Wednesday. The stock reached a low of $27.06 before closing at $27.10. Trading volume surged to 75,254 shares, reflecting an increase of 686% compared to the average session volume of 9,570 shares, while the previous closing price had been $27.15.

Stock Performance and Market Metrics

In terms of performance, the Core Alternative ETF holds a 50-day moving average of $26.55 and a 200-day moving average of $26.44. The fund currently has a market capitalization of $38.48 million, a price-to-earnings (PE) ratio of 22.20, and a beta of 0.19, indicating lower volatility compared to the broader market.

The firm recently declared a quarterly dividend of $0.06, which was paid on December 18, 2019. Investors who were on record as of December 17, 2019, received this dividend, translating to an annualized dividend of $0.24 and a yield of 0.9%. The ex-dividend date was also December 17, 2019.

Core Alternative ETF Overview

The Core Alternative ETF aims to invest primarily in total market equity and is actively managed to seek capital appreciation and preservation with a low correlation to the broader U.S. equity market. The fund predominantly holds dividend-paying large-cap stocks, complemented by an option collar overlay strategy. Launched on May 24, 2017, the fund is managed by Core Alternative.

Investors and analysts are closely monitoring the performance of CCOR as it navigates market fluctuations while providing dividends to its shareholders. As trading continues, stakeholders remain focused on potential future developments in the ETF’s strategy and market positioning.