UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX) Shares Down 1.1% – Here’s What Happened

Shares of UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX) were down 1.1% during mid-day trading on Wednesday . The company traded as low as $939.58 and last traded at $943.29. Approximately 300 shares were traded during trading, an increase of 11% from the average daily volume of 270 shares. The stock had previously closed at $953.90.

UBS AG FI Enhanced Large Cap Growth ETN Trading Down 1.1 %

The firm has a fifty day moving average price of $943.29 and a 200 day moving average price of $900.32.

Institutional Investors Weigh In On UBS AG FI Enhanced Large Cap Growth ETN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBGX. Catalina Capital Group LLC acquired a new position in shares of UBS AG FI Enhanced Large Cap Growth ETN during the first quarter valued at about $287,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in UBS AG FI Enhanced Large Cap Growth ETN during the 1st quarter valued at approximately $207,000. Truepoint Inc. purchased a new position in shares of UBS AG FI Enhanced Large Cap Growth ETN in the first quarter worth $203,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of UBS AG FI Enhanced Large Cap Growth ETN during the first quarter worth $48,000.

About UBS AG FI Enhanced Large Cap Growth ETN

The UBS AG FI Enhanced Large Cap Growth ETN (FBGX) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with quarterly leverage resets. FBGX was launched on Jun 11, 2014 and is issued by UBS.