iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Hits New 52-Week High – Should You Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) shares reached a new 52-week high on Monday . The company traded as high as $42.22 and last traded at $42.1690, with a volume of 10943 shares changing hands. The stock had previously closed at $40.80.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

The company’s 50-day moving average price is $38.14 and its two-hundred day moving average price is $36.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DJP. Farther Finance Advisors LLC lifted its holdings 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 worth $32,000 after acquiring an additional 516 shares during the last quarter. Richardson Capital Management LLC bought a new stake in iPath Bloomberg Commodity Index Total Return ETN in the third quarter worth $31,000. Lyell Wealth Management LP purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the second quarter valued at about $216,000. JPMorgan Chase & Co. boosted its position in iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock valued at $602,000 after buying an additional 2,984 shares during the period. Finally, Nvwm LLC grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 45.3% during the third quarter. Nvwm LLC now owns 25,060 shares of the company’s stock valued at $888,000 after buying an additional 7,815 shares during the last quarter.

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.