iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Hits New 1-Year High – Should You Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) reached a new 52-week high on Monday . The stock traded as high as $39.23 and last traded at $39.25, with a volume of 1889 shares changing hands. The stock had previously closed at $38.63.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

The business has a 50-day moving average of $37.56 and a 200-day moving average of $35.78.

Hedge Funds Weigh In On iPath Bloomberg Commodity Index Total Return ETN

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in iPath Bloomberg Commodity Index Total Return ETN by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock worth $602,000 after purchasing an additional 2,984 shares during the period. Ameriprise Financial Inc. grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock valued at $7,433,000 after buying an additional 13,426 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the third quarter worth approximately $11,673,000. Acima Private Wealth LLC raised its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 4.4% in the third quarter. Acima Private Wealth LLC now owns 170,676 shares of the company’s stock worth $6,049,000 after buying an additional 7,174 shares during the period. Finally, Richardson Capital Management LLC bought a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth approximately $31,000.

iPath Bloomberg Commodity Index Total Return ETN Company Profile

The iPath Bloomberg Commodity Index Total Return ETN (DJP) is an exchange-traded note that is based on the Bloomberg Commodity index. The fund tracks a broad basket of commodity contracts with varying roll schedules. Contract maturity can range from one to five months. DJP was launched on Jun 6, 2006 and is issued by iPath.