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 during trading on Tuesday . The stock traded as high as $51.01 and last traded at $50.81, with a volume of 186750 shares. The stock had previously closed at $50.16.

iPath Bloomberg Commodity Index Total Return ETN Trading Down 2.5%

The stock’s 50 day simple moving average is $46.99 and its two-hundred day simple moving average is $41.52.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Heartland Bank & Trust Co grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 8.3% in the first quarter. Heartland Bank & Trust Co now owns 196,355 shares of the company’s stock worth $9,453,000 after acquiring an additional 14,992 shares during the last quarter. Ethos Financial Group LLC increased its stake in iPath Bloomberg Commodity Index Total Return ETN by 5.3% during the 1st quarter. Ethos Financial Group LLC now owns 63,090 shares of the company’s stock valued at $3,037,000 after purchasing an additional 3,154 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in iPath Bloomberg Commodity Index Total Return ETN by 24.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,952 shares of the company’s stock worth $1,586,000 after buying an additional 6,571 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% in the fourth quarter. Parallel Advisors LLC now owns 9,015 shares of the company’s stock worth $339,000 after buying an additional 8,675 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock worth $3,887,000 after buying an additional 932 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.