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:DJP) reached a new 52-week high during trading on Thursday . The stock traded as high as $44.79 and last traded at $44.79, with a volume of 15871 shares traded. The stock had previously closed at $43.85.

iPath Bloomberg Commodity Index Total Return ETN Trading Up 1.5%

The business has a 50 day simple moving average of $40.59 and a two-hundred day simple moving average of $37.65.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DJP. Nvwm LLC grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 45.3% in 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 in the last quarter. CoreCap Advisors LLC lifted its position in iPath Bloomberg Commodity Index Total Return ETN by 3.3% during the 3rd quarter. CoreCap Advisors LLC now owns 178,012 shares of the company’s stock worth $6,309,000 after acquiring an additional 5,670 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock worth $3,630,000 after acquiring an additional 4,909 shares during the period. Richardson Capital Management LLC acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN in the third quarter valued at approximately $31,000. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 2,984 shares during the period.

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.