Janney Montgomery Scott LLC Reduces Stock Position in Sunoco LP (NYSE:SUN)

Janney Montgomery Scott LLC is a financial services firm that provides investment banking and asset management services to individuals and businesses. The company operates in various markets, including equities, fixed income, and alternative investments.

Sunoco LP NYSESUN is an oil and gas company that operates in the United States. The company produces and distributes refined products such as gasoline, diesel fuel, and jet fuel, as well as crude oil and natural gas. Sunoco LP has operations in various regions of the country, including the East Coast, Midwest, and West Coast.

According to Janney Montgomery Scott LLC's most recent filing with the Securities & Exchange Commission (SEC), the fund reduced its position in Sunoco LP NYSESUN by 9.2% during the third quarter of the year. This means that the fund now owns 13,895 shares of the company's stock after selling 1,406 shares during the period.

It is important to note that this reduction in position does not necessarily indicate any negative outlook on Sunoco LP or the oil and gas industry as a whole. It could simply reflect changes in investment strategies or market conditions. Additionally, it is worth noting that Janney Montgomery Scott LLC may have other investments in the company or the industry that were not mentioned in this report.