Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.27. Sanchez Midstream Partners shares last traded at $0.24, with a volume of 4,480 shares trading hands.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Sanchez Midstream Partners by 9.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 280,323 shares of the basic materials company’s stock worth $603,000 after purchasing an additional 23,438 shares during the last quarter. Wiley BROS. Aintree Capital LLC increased its position in shares of Sanchez Midstream Partners by 57.4% during the 3rd quarter. Wiley BROS. Aintree Capital LLC now owns 124,679 shares of the basic materials company’s stock worth $885,000 after purchasing an additional 45,492 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Sanchez Midstream Partners during the 2nd quarter worth approximately $3,957,000.
Sanchez Midstream Partners Company Profile (NYSEAMERICAN:SNMP)
Sanchez Midstream Partners LP engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil.
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