SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Maintain 14.56% Passive Stake in Global Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have filed an amended Schedule 13G, reporting a continued passive beneficial ownership of 14.56% in Global Partners LP as of December 31, 2024.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Global Partners LP.
• As of December 31, 2024, the reporting persons collectively beneficially own 4,949,619 common units representing limited partner interests in Global Partners LP.
• This ownership represents 14.56% of the class of securities.
• Both ALPS Advisors, Inc. and Alerian MLP ETF hold shared voting and shared dispositive power over all 4,949,619 units.
• ALPS Advisors, Inc. acts as an investment adviser to Alerian MLP ETF, an investment company, and disclaims beneficial ownership, stating the securities are owned by the Funds.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Global Partners LP.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing passive ownership, with no direct positive or negative implications for the issuer's operations or financial performance.

Future Outlook

NA

Industry Context

This filing relates to Global Partners LP, a company operating in the energy sector, specifically dealing with common units representing limited partner interests, which are typical for Master Limited Partnerships (MLPs) in the midstream energy space. Alerian MLP ETF specializes in investments in MLPs.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive institutional ownership, confirming a large holder's continued stake.

Key Dates

Keywords

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