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 hit a new 52-week high during trading on Monday . The company traded as high as $42.22 and last traded at $42.1690, with a volume of 10943 shares traded. The stock had previously closed at $40.80.

iPath Bloomberg Commodity Index Total Return ETN Trading Up 1.8%

The business has a fifty day moving average of $38.14 and a 200-day moving average of $36.17.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lyell Wealth Management LP purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the second quarter valued at approximately $216,000. Ethos Financial Group LLC purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the fourth quarter valued at about $2,254,000. JPMorgan Chase & Co. boosted 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 worth $602,000 after purchasing an additional 2,984 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock worth $7,433,000 after acquiring an additional 13,426 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the third quarter valued at about $11,673,000.

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.