ALPS Advisors Amends WES 13G/A Filing, Maintains Stake

TL;DR

**ALPS Advisors still holds WES units, signaling continued institutional confidence.**

AI Summary

ALPS Advisors, Inc. filed an amended Schedule 13G/A on February 5, 2024, indicating their ownership of Common Units in Western Midstream Partners, L.P. as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that ALPS Advisors continues to hold a significant, though not controlling, stake in the natural gas transmission company. This matters to investors because it confirms a major institutional investor's continued interest in Western Midstream, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms that a major institutional investor, ALPS Advisors, Inc., continues to hold a position in Western Midstream Partners, L.P., which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

An investor should note the continued institutional ownership by ALPS Advisors, Inc. as a stable factor, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine update confirming existing interest.

Key Numbers

• 958669103 — CUSIP Number (identifies the Common Units of Western Midstream Partners, L.P.)
• 0001398344-24-002081 — Accession Number (unique identifier for this specific SEC filing)
• 005-87105 — SEC File Number (identifies Western Midstream Partners, L.P.'s registration with the SEC)
• 84-1583423 — ALPS Advisors, Inc. Tax ID (identifies the reporting entity)

Key Players & Entities

• ALPS Advisors, Inc. (company) — the reporting person filing the SC 13G/A
• Western Midstream Partners, L.P. (company) — the subject company whose securities are being reported
• 01 Energy & Transportation (company) — organization name associated with Western Midstream Partners, L.P.
• December 31, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the date the SC 13G/A was filed

Forward-Looking Statements

• ALPS Advisors, Inc. will maintain its position in Western Midstream Partners, L.P. for the foreseeable future. (ALPS Advisors, Inc.) — medium confidence, target: 2025-02-05

FAQ

Filing Documents

• fp0087039-9_sc13ga.htm (SC 13G/A) — 51KB
• 0001398344-24-002081.txt ( ) — 52KB

From the Filing

SC 13G/A 1 fp0087039-9_sc13ga.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Western Midstream Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 958669103 (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 CUSIP No. 958669103 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). ALPS Advisors, Inc. (Tax ID: 84-1583423) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 3. SEC Use Only 4. Citizenship or Place of Organization Colorado Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 32,322,784**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 32,322,784**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 32,322,784**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 8.52% 12. Type of Reporting Person (See Instructions) IA CUSIP No. 958669103 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Alerian MLP ETF (Tax ID: 27-3041076) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 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 32,151,085**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 32,151,085**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 32,151,085**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 8.47% 12. Type of Reporting Person (See Instructions) IV Item 1. (a) Name of Issuer Western Midstream Partners, L.P. (b) Address of Issuer’s Principal Executive Offices 9950 Woodloch Forest Drive Suite 2800 The Woodlands, TX 77380 Item 2. (a) Name of Person Filing (1) ALPS Advisors, Inc. (2) Alerian MLP ETF (b) Address of Principal Business Office or, if none, Residence (1) 1290 Broadway, Suite 1000, Denver, CO 80203 (2) 1290 Broadway, Suite 1000, Denver, CO 80203 (c) Citizenship (1) Colorado (2) Delaware (d) Title of Class of Securities Common Units (e) CUSIP Number 958669103 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [X] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8) - Alerian MLP ETF ; (e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E) – ALPS Advisors, Inc.; (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. ALPS Advisors, Inc. (a) Amount beneficially owned: 32,322,784**see Note 1** (b) Percent of class: 8.52% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) S

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