Core Alternative ETF (NYSEARCA:CCOR) Trading Up 1.3% – Still a Buy?

Shares of Core Alternative ETF (NYSEARCA:CCOR) rose 1.3% during mid-day trading on Friday . The company traded as high as $25.77 and last traded at $25.74. Approximately 5,201 shares changed hands during trading, a decline of 18% from the average daily volume of 6,365 shares. The stock had previously closed at $25.42.

Core Alternative ETF Price Performance

The company has a market capitalization of $27.28 million, a price-to-earnings ratio of 22.20 and a beta of 0.13. The firm has a 50-day moving average price of $25.77 and a two-hundred day moving average price of $26.37.

Hedge Funds Weigh In On Core Alternative ETF

A hedge fund recently bought a new stake in Core Alternative ETF stock. Flagship Harbor Advisors LLC acquired a new position in Core Alternative ETF (NYSEARCA:CCOR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,907 shares of the company’s stock, valued at approximately $155,000. Flagship Harbor Advisors LLC owned approximately 0.42% of Core Alternative ETF as of its most recent SEC filing.

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.