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

According to a recent filing with the Securities and Exchange Commission (SEC), Janney Montgomery Scott LLC has reduced its stock position in Sunoco LP (NYSE: SUN) by approximately 10%. The reduction was made on or about March 31, 2023.

Sunoco LP is a publicly traded master limited partnership that operates in the downstream energy sector, primarily engaged in the transportation, distribution, and storage of motor fuels. The company has operations throughout the United States and Canada.

Janney Montgomery Scott LLC is a financial services firm that provides investment banking, wealth management, and asset management services to individuals, corporations, and institutions. The company operates in various markets, including the energy sector.

It's worth noting that stock positions can be reduced for various reasons, such as changes in market conditions or strategic decisions by the investor. However, without more information, it is not possible to determine the specific reason behind Janney Montgomery Scott LLC's reduction of its stock position in Sunoco LP.