SCHEDULE: ALPS Advisors and Alerian MLP ETF Disclose Significant 21.39% Stake in Suburban Propane Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly disclosed a beneficial ownership of 21.39% in Suburban Propane Partners LP, totaling 13,893,278 common units.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF are the reporting persons for this Schedule 13G Amendment No. 4 filing concerning Suburban Propane Partners LP.
• The filing indicates a beneficial ownership of 13,893,278 common units representing limited partner interests in Suburban Propane Partners LP.
• This aggregate amount represents 21.39% of the class of securities.
• Both reporting persons hold shared voting power and shared dispositive power over all 13,893,278 shares, with no sole voting or dispositive power.
• ALPS Advisors, Inc. is an investment adviser that furnishes investment advice to investment companies, including Alerian MLP ETF.
• Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940.
• ALPS Advisors, Inc. disclaims beneficial ownership of the securities, stating they are owned by the Funds (Alerian MLP ETF).

Sentiment

Score: 6

Explanation: The disclosure of a significant institutional stake by a specialized ETF is generally viewed as a positive signal of confidence in the company and its sector, although the filing itself is purely factual and does not contain performance data.

Positives

• The disclosure of a significant 21.39% stake by a specialized Master Limited Partnership (MLP) ETF (Alerian MLP ETF) and its advisor (ALPS Advisors, Inc.) indicates strong institutional interest and confidence in Suburban Propane Partners LP and the MLP sector.

Management Comments

• Matthew Sutula, Chief Compliance Officer for both ALPS Advisors, Inc. and Alerian MLP ETF, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.

Industry Context

Suburban Propane Partners LP operates as a Master Limited Partnership (MLP), a structure often favored by energy infrastructure and distribution companies due to tax advantages. The investment by Alerian MLP ETF, a fund specifically designed to track the performance of the MLP sector, aligns with broader industry trends of institutional investment in energy infrastructure and income-generating assets.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder can influence market perception and potentially provide stability or liquidity to the stock.

Key Dates

Keywords

Suburban Propane Partners LP, ALPS Advisors Inc, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, MLP, Investment Adviser, Investment Company, SEC Filing