SCHEDULE: Alerian MLP ETF, ALPS Advisors Report WES Ownership

Alerian MLP ETF and ALPS Advisors, Inc. filed an amended Schedule 13G, reporting significant beneficial ownership in Western Midstream Partners LP.

Summary

• Alerian MLP ETF reported beneficial ownership of 34,395,602 common units, representing 9.04% of Western Midstream Partners LP's class.
• ALPS Advisors, Inc. reported beneficial ownership of 34,774,726 common units, representing 9.14% of Western Midstream Partners LP's class.
• Both reporting entities hold shared voting and shared dispositive power over their respective reported units.
• ALPS Advisors, Inc. acts as an investment adviser to Alerian MLP ETF and other investment companies, disclaiming beneficial ownership as the securities are owned by the Funds.
• The filing certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual report of beneficial ownership, providing neutral information without explicit positive or negative operational or financial news.

Positives

• Significant institutional ownership by a specialized MLP ETF (Alerian MLP ETF) may indicate confidence in Western Midstream Partners LP and the broader MLP sector.
• The reporting persons certify that the holdings are for ordinary course of business, not for control, suggesting a passive investment approach.

Risks

• The filing does not detail specific risks related to Western Midstream Partners LP's operations or financial health, focusing solely on beneficial ownership reporting.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Western Midstream Partners LP's future performance or operations.

Industry Context

This filing reflects routine beneficial ownership reporting by an investment adviser and an Exchange Traded Fund (ETF) specializing in Master Limited Partnerships (MLPs). MLPs are publicly traded partnerships that primarily operate in the energy and infrastructure sectors, often involved in the transportation and storage of oil and natural gas. ETFs like Alerian MLP ETF provide investors with diversified exposure to the MLP asset class.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding significant institutional holders, which can influence market perception and liquidity.
• Investment Community: Analysts and investors gain insight into the institutional ownership structure of Western Midstream Partners LP.

Key Dates

Keywords

Western Midstream Partners LP, WES, Alerian MLP ETF, ALPS Advisors, Schedule 13G, Beneficial Ownership, MLP, Midstream, Investment Adviser, ETF