UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI) Trading Up 0.1% – Time to Buy?

UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPIGet Free Report)’s share price rose 0.1% on Thursday . The company traded as high as $54.61 and last traded at $54.46. 287,849 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 326,628 shares. The stock had previously closed at $54.41.

UBS ETRACS Alerian MLP Infrastructure Index ETN Price Performance

The stock has a 50-day moving average price of $54.90 and a 200 day moving average price of $55.52.

Hedge Funds Weigh In On UBS ETRACS Alerian MLP Infrastructure Index ETN

An institutional investor recently bought a new stake in UBS ETRACS Alerian MLP Infrastructure Index ETN stock. Worth Asset Management LLC purchased a new position in shares of UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPIFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,955 shares of the company’s stock, valued at approximately $218,000.

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