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

Shares of iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $38.78 and last traded at $38.7350, with a volume of 1256 shares. The stock had previously closed at $38.30.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 1.2%

The stock’s 50 day moving average price is $37.11 and its two-hundred day moving average price is $35.52.

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

Several large investors have recently made changes to their positions in DJP. BNP Paribas Financial Markets acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN in the third quarter valued at approximately $11,673,000. Ameriprise Financial Inc. raised its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock valued at $7,433,000 after purchasing an additional 13,426 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 3.3% in the 3rd quarter. CoreCap Advisors LLC now owns 178,012 shares of the company’s stock valued at $6,309,000 after purchasing an additional 5,670 shares during the last quarter. Acima Private Wealth LLC boosted its holdings in 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 worth $6,049,000 after purchasing an additional 7,174 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock worth $3,630,000 after purchasing an additional 4,909 shares in 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.