iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Reaches New 12-Month High – Still a Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $51.91 and last traded at $51.87, with a volume of 11655 shares traded. The stock had previously closed at $51.35.

iPath Bloomberg Commodity Index Total Return ETN Trading Up 1.1%

The business’s fifty day simple moving average is $47.11 and its 200-day simple moving average is $46.98.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 149.1% in the fourth quarter. Farther Finance Advisors LLC now owns 862 shares of the company’s stock valued at $32,000 after acquiring an additional 516 shares during the period. Continuum Advisory LLC bought a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth approximately $27,000. Heartland Bank & Trust Co increased its holdings in iPath Bloomberg Commodity Index Total Return ETN by 0.4% during the 4th quarter. Heartland Bank & Trust Co now owns 181,363 shares of the company’s stock worth $6,821,000 after acquiring an additional 676 shares during the period. Bruce G. Allen Investments LLC lifted its stake in iPath Bloomberg Commodity Index Total Return ETN by 0.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock worth $3,887,000 after purchasing an additional 932 shares in the last quarter. Finally, Highland Investment Advisors LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter worth approximately $41,000.

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.