UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI) Trading 0.1% Higher – Still a Buy?

UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPIGet Free Report) shares rose 0.1% during trading on Thursday . The stock traded as high as $54.61 and last traded at $54.46. 287,849 shares traded hands during 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 Stock Down 0.3%

The stock has a fifty day simple moving average of $54.90 and a 200 day simple moving average of $55.51.

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

An institutional investor recently bought a new position in UBS ETRACS Alerian MLP Infrastructure Index ETN stock. Worth Asset Management LLC bought a new stake in shares of UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPIFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,955 shares of the company’s stock, valued at approximately $218,000.

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