iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Hits New 12-Month High – Should You Buy?
by Michael Walen · The Markets DailyiPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.90 and last traded at $38.90, with a volume of 4568 shares. The stock had previously closed at $38.46.
iPath Bloomberg Commodity Index Total Return ETN Stock Up 1.0%
The firm’s 50 day moving average is $37.36 and its two-hundred day moving average is $35.67.
Institutional Investors Weigh In On iPath Bloomberg Commodity Index Total Return ETN
A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake 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 valued at $602,000 after purchasing an additional 2,984 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iPath Bloomberg Commodity Index Total Return ETN by 6.8% in 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 period. BNP Paribas Financial Markets acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the third quarter valued at approximately $11,673,000. Acima Private Wealth LLC lifted its position 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 valued at $6,049,000 after buying an additional 7,174 shares during the last quarter. Finally, Richardson Capital Management LLC bought a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth approximately $31,000.
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.