iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Hits New 52-Week High – Should You Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.17 and last traded at $40.1010, with a volume of 36774 shares trading hands. The stock had previously closed at $39.17.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 2.3%

The business’s 50 day moving average is $37.87 and its 200-day moving average is $35.99.

Institutional Trading of iPath Bloomberg Commodity Index Total Return ETN

Institutional investors and hedge funds have recently modified their holdings of the stock. Richardson Capital Management LLC acquired a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth about $31,000. Lyell Wealth Management LP purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth approximately $216,000. JPMorgan Chase & Co. raised its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock valued at $602,000 after acquiring an additional 2,984 shares during the last quarter. Nvwm LLC raised its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 45.3% during the third quarter. Nvwm LLC now owns 25,060 shares of the company’s stock valued at $888,000 after acquiring an additional 7,815 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after acquiring an additional 4,909 shares in the last quarter.

About iPath Bloomberg Commodity Index Total Return ETN

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.