SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Disclose 9.8% Stake in Plains All American Pipeline LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly disclosed a beneficial ownership of 9.8% in Plains All American Pipeline LP, totaling 68,977,355 common units.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 10 to Schedule 13G, disclosing their beneficial ownership in Plains All American Pipeline LP.
• As of March 31, 2025, the reporting persons collectively beneficially own 68,977,355 common units, representing 9.8% of the class.
• Both ALPS Advisors, Inc. and Alerian MLP ETF share voting and dispositive power over these units.
• ALPS Advisors, Inc. acts as an investment adviser to investment companies, including Alerian MLP ETF, which owns the reported securities.
• 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 the issuer.

Sentiment

Score: 5

Explanation: This is a factual disclosure filing (Schedule 13G) and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It merely reports beneficial ownership.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors in a publicly traded energy infrastructure company. It reflects the investment activities of an investment adviser and an ETF specializing in Master Limited Partnerships (MLPs), which are common structures in the pipeline and midstream energy sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a large stake held by an investment adviser and an ETF.

Key Dates

Keywords

Plains All American Pipeline LP, PAGP, ALPS Advisors, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, SEC Filing, Investment Adviser, Investment Company