SCHEDULE: ALPS Advisors and Alerian MLP ETF Disclose 15.38% Stake in Sunoco LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly reported beneficial ownership of 15.38% of Sunoco LP's common units, totaling 23,489,829 shares.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 4 to Schedule 13G, disclosing their beneficial ownership in Sunoco LP.
• The filing indicates shared voting and dispositive power over 23,489,829 common units representing limited partner interests in Sunoco LP.
• This aggregate amount represents 15.38% of the class of Sunoco LP's common units.
• ALPS Advisors, Inc. is an investment adviser providing advice to investment companies, including Alerian MLP ETF, which is a registered investment company.
• 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 Sunoco LP.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative performance indicators.

Positives

• A significant institutional holding by ALPS Advisors, Inc. and Alerian MLP ETF, representing 15.38% of Sunoco LP's common units, indicates substantial investment interest.
• The filing certifies that the securities are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

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 of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing reflects a significant institutional investment in Sunoco LP, a master limited partnership (MLP) primarily involved in the wholesale distribution of motor fuels and operation of convenience stores. Such large holdings by ETFs focused on MLPs are common, indicating continued institutional interest in the energy midstream sector for its income-generating potential.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by ALPS Advisors, Inc. and Alerian MLP ETF could influence investor perception of Sunoco LP's stability and institutional interest.

Key Dates

Keywords

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