Infrastructure Capital Advisors Exits UGI Corporate Units

TL;DR

**Infrastructure Capital Advisors dumped all their UGI Corporate Units.**

AI Summary

Infrastructure Capital Advisors, LLC filed an amended SC 13G/A on February 13, 2024, indicating a change in their beneficial ownership of UGI Corporation's Corporate Units (CUSIP 902681113) as of December 31, 2023. The filing shows that Infrastructure Capital Advisors, LLC now holds 0 shares with sole or shared voting and dispositive power, down from a previous undisclosed amount. This matters to investors because it signals that a significant institutional investor has completely exited their position in UGI's Corporate Units, potentially indicating a loss of confidence or a strategic portfolio reallocation.

Why It Matters

This filing reveals that a major institutional investor has sold off their entire stake in UGI's Corporate Units, which could be interpreted as a bearish signal for the security.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor could signal underlying concerns about UGI's Corporate Units, increasing potential risk for current holders.

Analyst Insight

A smart investor would investigate the reasons behind Infrastructure Capital Advisors, LLC's complete exit from UGI Corporate Units and consider if this signals broader concerns before making investment decisions.

Key Numbers

• 0 — Sole Voting Power (Infrastructure Capital Advisors, LLC holds no shares with sole voting power as of December 31, 2023.)
• 0 — Shared Voting Power (Infrastructure Capital Advisors, LLC holds no shares with shared voting power as of December 31, 2023.)
• 0 — Sole Dispositive Power (Infrastructure Capital Advisors, LLC holds no shares with sole dispositive power as of December 31, 2023.)
• 0 — Shared Dispositive Power (Infrastructure Capital Advisors, LLC holds no shares with shared dispositive power as of December 31, 2023.)
• 902681113 — CUSIP Number (Identifies the specific Corporate Units of UGI Corporation.)

Key Players & Entities

• Infrastructure Capital Advisors, LLC (company) — the reporting person who filed the SC 13G/A
• UGI Corporation (company) — the issuer of the securities
• Corporate Units (other) — the class of securities reported
• New York (other) — place of organization for Infrastructure Capital Advisors, LLC
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• UGI Corporation's Corporate Units may experience downward price pressure due to the institutional divestment. (UGI Corporation) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• d10980720_13g-a.htm (SC 13G/A) — 128KB
• 0000919574-24-001157.txt ( ) — 130KB

From the Filing

SC 13G/A 1 d10980720_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* UGI Corporation (Name of Issuer) Corporate Units (Title of Class of Securities) 902681113 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [_] Rule 13d-1(d) __________ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No 902681113 1. NAME OF REPORTING PERSONS Infrastructure Capital Advisors, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, OO CUSIP No 902681113 1. NAME OF REPORTING PERSONS Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 188,124 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 188,124 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 188,124 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.6% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IV, OO CUSIP No 902681113 1. NAME OF REPORTING PERSONS Jay Hatfield 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No 902681113 1. NAME OF REPORTING PERSONS InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 9,223 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,223 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,223 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IV, OO CUSIP No 902681113 Item 1. (a). Name of Issuer: UGI Corporation (b). Address of Issuer's Principal Executive Offices: 460 North Gulph Road King of Prussia, Pennsylvania 19406 United States of America Item 2. (a). Name of Person Filing: Infrastructure Capital Advisors, LLC Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I Jay Hatfield InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust (b). Address of Principal Business Office, or if None, Residence: Infrastructure Capital Advisors, LLC 1325 Avenue of the Americas, 28 th Floor New York, New York 10019 United States of America Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I c/o Infrastructure Capit

View Full Filing

View this SC 13G/A filing on SEC EDGAR