iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Reaches New 1-Year High – Here’s What Happened

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) reached a new 52-week high on Tuesday . The company traded as high as $52.27 and last traded at $52.1840, with a volume of 1499 shares trading hands. The stock had previously closed at $51.97.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 1.0%

The business has a 50 day moving average price of $47.94 and a 200 day moving average price of $47.37.

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

Several institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the second quarter worth about $27,000. Highland Investment Advisors LLC acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN in the second quarter valued at approximately $41,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN in the fourth quarter valued at approximately $150,000. Parallel Advisors LLC increased its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% in the fourth quarter. Parallel Advisors LLC now owns 9,015 shares of the company’s stock valued at $339,000 after buying an additional 8,675 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock worth $602,000 after buying an additional 2,984 shares during the period.

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.