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iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP - Get Free Report)'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
A sector of the market has pulled back meaningfully over the past three months. However, it offers very attractive dividends and has a very bullish long-term outlook, backed by numerous macro trends. I share some of my top picks in the sector right now.
U.S. equity markets finished lower for a second-straight week as data showing an encouraging cooldown of inflationary pressures was offset by ongoing regional bank instability and an unresolved debt ceiling standoff. Declining for a second week after ending April at its highest levels of the year, the S&P 500 slipped 0.3% on the week, but the tech-heavy Nasdaq 100 gained nearly 1%.
DJP is a decent way to get exposure to the commodity markets if you're looking for a high trading volume and the structure of an ETN. Predictably, its price performance has been underwhelming over the last 10 years.
U.S. equity markets oscillated forcefully while interest rates plunged this week as contagion from a pair of mid-sized bank collapses spread to other lenders while authorities scrambled to contain the fallout. On brand with the "March Madness" theme this week, the S&P 500 seesawed between gains and losses in each session but ultimately ended the week higher by 1.1%.
U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.
The iPath® Bloomberg Commodity Index Total Return ETN tries to track the index included in its name. With a 36% weight in Energy, DJP has done well so far in 2022. A full review will help investors decide if their mix will prosper in this inflationary year.
This commodity ETF hits a new 52-week high. Are more gains in store for this ETF?
SEC filings for DJP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.