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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $51.24 and last traded at $51.1910, with a volume of 3516 shares. The stock had previously closed at $50.71.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

The business has a 50-day moving average price of $47.46 and a 200 day moving average price of $41.81.

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

Several hedge funds have recently modified their holdings of DJP. Farther Finance Advisors LLC boosted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 149.1% in the 4th quarter. Farther Finance Advisors LLC now owns 862 shares of the company’s stock valued at $32,000 after purchasing an additional 516 shares during the period. Heartland Bank & Trust Co raised 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 buying an additional 676 shares during the period. Richardson Capital Management LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the third quarter valued at about $31,000. Bruce G. Allen Investments LLC lifted its stake in iPath Bloomberg Commodity Index Total Return ETN by 0.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock valued at $3,887,000 after buying an additional 932 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 16.1% in the first quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock worth $504,000 after buying an additional 1,451 shares during the period.

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.