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

Shares of iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJPGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.27 and last traded at $52.1840, with a volume of 1499 shares changing hands. The stock had previously closed at $51.97.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 0.8%

The firm has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $47.53.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter valued at about $27,000. Highland Investment Advisors LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter valued at about $41,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the fourth quarter valued at approximately $150,000. Parallel Advisors LLC grew its holdings in iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% in the 4th quarter. Parallel Advisors LLC now owns 9,015 shares of the company’s stock worth $339,000 after acquiring an additional 8,675 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% in the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock worth $602,000 after purchasing an additional 2,984 shares during the last quarter.

About iPath Bloomberg Commodity Index Total Return ETN

(Get Free Report)

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.

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