UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI) Shares Up 0.9% – Here’s Why

UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI)’s share price shot up 0.9% on Thursday . The stock traded as high as $53.79 and last traded at $53.40. Approximately 232,525 shares were traded during mid-day trading, a decline of 28% from the average session volume of 322,409 shares. The stock had previously closed at $52.90.

UBS ETRACS Alerian MLP Infrastructure Index ETN Stock Performance

The firm’s 50-day simple moving average is $55.19 and its 200-day simple moving average is $55.27.

Institutional Investors 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 purchased a new position in shares of UBS ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,955 shares of the company’s stock, valued at approximately $218,000.