SCHEDULE: ALPS Advisors and Alerian MLP ETF Disclose Over 10% Stake in Plains All American Pipeline LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly disclosed a beneficial ownership of 10.58% in Plains All American Pipeline LP, totaling 74,402,915 common units.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 11 to Schedule 13G, reporting their beneficial ownership in Plains All American Pipeline LP.
• The filing indicates an aggregate beneficial ownership of 74,402,915 common units, representing limited partner interests.
• This ownership stake accounts for 10.58% of the class of securities.
• Both ALPS Advisors, Inc. and Alerian MLP ETF share voting and dispositive power over all 74,402,915 units.
• ALPS Advisors, Inc. is an investment adviser, and Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940, to which ALPS Advisors, Inc. provides investment advice.
• 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: The document is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook. It is a compliance filing.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• Securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors in the energy infrastructure sector, specifically related to a master limited partnership (MLP). Such disclosures provide transparency regarding significant passive investment stakes in publicly traded entities.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holding (10.58%) by ALPS Advisors and Alerian MLP ETF indicates substantial institutional interest and confidence in Plains All American Pipeline LP, which could be viewed positively by other investors.
• Company Management: Awareness of a large passive institutional holder may influence strategic decisions, though the filing explicitly states the holding is not for control purposes.

Next Steps

• NA

Key Dates

Keywords

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