Archer Investment Corp. Trims Position in Suburban Propane Partners

Archer Investment Corp. trimmed its holdings in Suburban Propane Partners L.P. by 36.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,997 shares of the energy company’s stock after selling 4,003 shares during the period. Archer Investment’s holdings in Suburban Propane Partners were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fractal Investments LLC purchased a new stake in shares of Suburban Propane Partners in the second quarter valued at about $258,000. CWM LLC raised its holdings in Suburban Propane Partners by 60.1% during the second quarter. CWM LLC now owns 2,065 shares of the energy company’s stock worth $31,000 after purchasing an additional 775 shares in the last quarter. Wealth Advisors of Tampa Bay LLC purchased a new position in Suburban Propane Partners during the second quarter worth about $148,000. Bank of Montreal Can purchased a new position in Suburban Propane Partners during the second quarter worth about $218,000. Finally, LPL Financial LLC raised its holdings in Suburban Propane Partners by 5.6% during the second quarter. LPL Financial LLC now owns 102,208 shares of the energy company’s stock worth $1,513,000 after purchasing an additional 5,407 shares in the last quarter. 17.49% of the stock is owned by hedge funds and other institutional investors.