This was news last Friday 07-12.
Why the resent drop??
And Sunoco Logistics Partners L.P. (NYSE: SXL), the #28 largest holding among components of the MLP ETF (MLPA), shows 2 directors and officers as recently filing Form 4′s indicating purchases. The ETF holds 2469902.4 worth of SXL, which represents approximately 3.632% of the ETF’s total assets at last check. The recent insider buying activity observed at SXL is detailed in the table below:
SXL — last trade: $64.87 — Recent Insider Buys: as of 07-12-13
02/25/2013 Steven R. Anderson Director 5,000 $60.76 $303,810.00
03/04/2013 Martin Salinas Chief Financial Officer 2,400 $63.81 $153,136.56
05/14/2013 Martin Salinas Chief Financial Officer 2,750 $62.86 $172,867.48