Creative Planning held its position in shares of Mueller Industries, Inc. (NYSE:MLI) during the second quarter, Holdings Channel reports. The firm owned 5,008 shares of the industrial products company’s stock at the end of the second quarter. Creative Planning’s holdings in Mueller Industries were worth $152,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Mueller Industries by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 807,005 shares of the industrial products company’s stock valued at $27,622,000 after buying an additional 19,980 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Mueller Industries during the first quarter valued at $767,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Mueller Industries during the first quarter valued at $405,000. First Trust Advisors LP raised its position in shares of Mueller Industries by 4.0% in the first quarter. First Trust Advisors LP now owns 215,601 shares of the industrial products company’s stock valued at $7,380,000 after buying an additional 8,258 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Mueller Industries by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 81,320 shares of the industrial products company’s stock valued at $2,782,000 after buying an additional 5,192 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Shares of Mueller Industries, Inc. (MLI) traded down 0.786% on Friday, hitting $29.655. 64,604 shares of the stock traded hands. Mueller Industries, Inc. has a one year low of $27.72 and a one year high of $43.96. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.936 and a beta of 1.37. The company’s 50 day moving average is $30.50 and its 200 day moving average is $33.59.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/11/mueller-industries-inc-mli-stake-maintained-by-creative-planning.html.

In other Mueller Industries news, Director John B. Hansen sold 2,000 shares of Mueller Industries stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.05, for a total transaction of $62,100.00. Following the transaction, the director now owns 45,607 shares of the company’s stock, valued at approximately $1,416,097.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.79% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

Want to see what other hedge funds are holding MLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Industries, Inc. (NYSE:MLI).

Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

Receive News & Ratings for Mueller Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.