Shares of Universal Technical Institute Inc. (NYSE:UTI) traded down 4.1% during trading on Wednesday . The stock traded as low as $2.27 and last traded at $2.31, with a volume of 59,290 shares changing hands. The stock had previously closed at $2.41.

The company’s 50 day moving average is $2.57 and its 200 day moving average is $3.48. The stock’s market capitalization is $56.72 million.

An institutional investor recently raised its position in Universal Technical Institute stock. First Trust Advisors LP boosted its stake in Universal Technical Institute Inc. (NYSE:UTI) by 150.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 582,469 shares of the company’s stock after buying an additional 350,001 shares during the period. First Trust Advisors LP owned 2.40% of Universal Technical Institute worth $2,714,000 as of its most recent SEC filing.

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute.

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