SCHEDULE: ALPS Advisors and Alerian MLP ETF Disclose Significant Passive Stake in Delek Logistics Partners

ALPS Advisors, Inc. and Alerian MLP ETF have reported beneficial ownership of 7.9% and 7.84% respectively, of Delek Logistics Partners LP's common units, held for investment purposes in the ordinary course of business.

Summary

• ALPS Advisors, Inc. beneficially owns 4,219,267 common units representing limited partner interests in Delek Logistics Partners LP, which constitutes 7.9% of the class.
• Alerian MLP ETF beneficially owns 4,190,935 common units representing limited partner interests in Delek Logistics Partners LP, which constitutes 7.84% of the class.
• Both ALPS Advisors, Inc. and Alerian MLP ETF hold shared voting and shared dispositive power over their respective reported shares.
• ALPS Advisors, Inc. serves as an investment adviser to Alerian MLP ETF and other investment companies, and disclaims beneficial ownership, stating that the securities are owned by the Funds.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Delek Logistics Partners LP.

Sentiment

Score: 7

Explanation: The filing indicates significant passive institutional investment, which is generally positive for a company's stability and investor confidence, though it provides no operational or financial performance details.

Positives

• Significant passive investment by institutional entities like ALPS Advisors, Inc. and Alerian MLP ETF indicates confidence in Delek Logistics Partners LP's long-term prospects.
• The investment is held in the ordinary course of business, suggesting a stable, non-activist position by these large holders.

Risks

• No specific risks related to Delek Logistics Partners LP's operations or financial health are disclosed in this ownership filing. The inherent market risk associated with holding common units applies.

Future Outlook

No future outlook or guidance for Delek Logistics Partners LP is provided in this beneficial ownership filing.

Management Comments

• ALPS Advisors, Inc. and Alerian MLP ETF certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing highlights continued institutional interest in Master Limited Partnerships (MLPs) and energy infrastructure assets, as Alerian MLP ETF specifically focuses on investments in MLPs.

Comparison to Industry Standards

• This filing is a standard beneficial ownership disclosure (Schedule 13G Amendment No. 2) required by the SEC for passive investors holding more than 5% of a company's stock. It does not contain performance metrics or operational results for comparison to industry benchmarks or specific comparable companies.

Stakeholder Impact

• Shareholders: Increased institutional ownership may contribute to market stability and liquidity for Delek Logistics Partners LP's common units.
• Management: Awareness of significant passive institutional holders may influence investor relations strategies.

Next Steps

• The reporting persons will continue to file updates to their beneficial ownership as required by SEC regulations.

Key Dates

Keywords

Delek Logistics Partners LP, ALPS Advisors, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, SEC Filing, Investment Adviser, Investment Company, Passive Investment