UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX) Shares Down 1.1% – Time to Sell?

UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX) was down 1.1% during trading on Wednesday . The stock 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 Price Performance

The stock has a 50-day moving average of $943.29 and a two-hundred day moving average of $911.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Catalina Capital Group LLC acquired a new stake in shares of UBS AG FI Enhanced Large Cap Growth ETN during the first quarter valued at approximately $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 in the 1st quarter worth approximately $207,000. Finally, Truepoint Inc. purchased a new position in UBS AG FI Enhanced Large Cap Growth ETN during the 1st quarter worth approximately $203,000.

UBS AG FI Enhanced Large Cap Growth ETN Company Profile

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.