Arrow Investment Advisors LLC Purchases New Stake in Sanchez Production Partners LP (SPP)
Arrow Investment Advisors LLC purchased a new stake in shares of Sanchez Production Partners LP (NYSEMKT:SPP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 47,086 shares of the company’s stock, valued at approximately $605,000.
Separately, Bank of Montreal Can acquired a new position in shares of Sanchez Production Partners during the 2nd quarter valued at $308,000.
Shares of Sanchez Production Partners LP (NYSEMKT:SPP) traded down 0.71% during trading on Tuesday, hitting $14.00. The stock had a trading volume of 39,906 shares. Sanchez Production Partners LP has a 52 week low of $9.35 and a 52 week high of $15.92. The stock’s 50 day moving average is $10.27 and its 200 day moving average is $12.70.
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About Sanchez Production Partners
Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system.
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