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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) hit a new 52-week high during trading on Tuesday . The stock 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 Price Performance

The business’s 50-day moving average price is $38.05 and its 200 day moving average price is $36.10.

Institutional Investors Weigh In On iPath Bloomberg Commodity Index Total Return ETN

Hedge funds have recently bought and sold shares of the stock. Lyell Wealth Management LP bought a new stake in iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter valued at $216,000. Nvwm LLC grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 45.3% in 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 in the last quarter. CoreCap Advisors LLC increased its position in iPath Bloomberg Commodity Index Total Return ETN by 3.3% during the third quarter. CoreCap Advisors LLC now owns 178,012 shares of the company’s stock worth $6,309,000 after acquiring an additional 5,670 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after purchasing an additional 4,909 shares during the period. Finally, Richardson Capital Management LLC acquired a new position 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.