iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Reaches New 52-Week High – Here’s Why

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP)’s stock price reached a new 52-week high on Friday . The stock traded as high as $38.78 and last traded at $38.7350, with a volume of 1256 shares changing hands. The stock had previously closed at $38.30.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

The company’s fifty day simple moving average is $37.17 and its 200 day simple moving average is $35.56.

Hedge Funds Weigh In On iPath Bloomberg Commodity Index Total Return ETN

Several institutional investors have recently added to or reduced their stakes in DJP. Lyell Wealth Management LP purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth approximately $216,000. Nvwm LLC increased its position in 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 worth $888,000 after purchasing an additional 7,815 shares during the last quarter. CoreCap Advisors LLC raised its stake in iPath Bloomberg Commodity Index Total Return ETN by 3.3% during the third 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 in the last quarter. Bruce G. Allen Investments LLC lifted its position in iPath Bloomberg Commodity Index Total Return ETN by 5.0% during the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after purchasing an additional 4,909 shares during the last quarter. Finally, Richardson Capital Management LLC bought a new position in iPath Bloomberg Commodity Index Total Return ETN during the third quarter valued at $31,000.

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.