SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Disclose Significant Stake in Western Midstream Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have filed an updated Schedule 13G, revealing beneficial ownership of 8.26% and 8.2% respectively, in Western Midstream Partners LP as of December 31, 2024.

Summary

• ALPS Advisors, Inc., an investment adviser, and Alerian MLP ETF, an investment company, have filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Western Midstream Partners LP.
• As of December 31, 2024, ALPS Advisors, Inc. beneficially owns 31,423,596 common units, representing 8.26% of the class.
• Alerian MLP ETF beneficially owns 31,193,433 common units, representing 8.2% of the class.
• Both entities share voting and dispositive power over their respective holdings.
• 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 Western Midstream Partners LP.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects. It is neutral in tone and content.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Western Midstream Partners LP's operational or financial performance.

Management Comments

• Matthew Sutula, Chief Compliance Officer for 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

Western Midstream Partners LP operates in the midstream energy sector, providing gathering, processing, and transportation services for natural gas, crude oil, and natural gas liquids. The significant ownership stake by investment entities like ALPS Advisors and Alerian MLP ETF, which specializes in master limited partnerships (MLPs), highlights continued institutional interest in the stability and income-generating potential of the energy infrastructure sector.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding significant institutional ownership, which can be viewed positively as a vote of confidence or as a factor influencing liquidity and trading patterns.

Key Dates

Keywords

Western Midstream Partners LP, WES, ALPS Advisors Inc., Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, SEC Filing, Investment Adviser, Investment Company, Midstream, Energy Infrastructure