SCHEDULE: ALPS Advisors & Alerian MLP ETF Increase Western Midstream Stake

ALPS Advisors, Inc. and Alerian MLP ETF report a combined beneficial ownership of 17.98% in Western Midstream Partners LP as of September 30, 2026, reflecting substantial institutional investment.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an amendment to their Schedule 13G, reporting their beneficial ownership of Western Midstream Partners LP common units.
• As of September 30, 2026, ALPS Advisors, Inc. beneficially owns 37,364,470 units, representing 9.04% of the class.
• Alerian MLP ETF beneficially owns 36,947,122 units, representing 8.94% of the class.
• Both entities share voting and dispositive power over these units.
• ALPS Advisors, Inc. acts as an investment adviser to Alerian MLP ETF and other funds, disclaiming beneficial ownership of the securities held by these funds but acknowledging voting and/or investment power.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, indicating a significant but stable institutional holding without immediate implications for control or aggressive strategy.

Positives

• Significant institutional ownership by ALPS Advisors, Inc. (9.04%) and Alerian MLP ETF (8.94%) indicates confidence in Western Midstream Partners LP.
• The combined stake of approximately 17.98% suggests substantial long-term investment interest.

Negatives

• No specific negative financial or operational information is presented in this Schedule 13G filing.

Risks

• The filing does not explicitly mention any new risks. However, the concentration of ownership by investment advisors and ETFs implies potential for future portfolio adjustments that could impact share price.

Future Outlook

This filing is primarily an ownership disclosure and does not contain forward-looking statements or specific future guidance from Western Midstream Partners LP.

Management Comments

• ALPS Advisors, Inc. disclaims beneficial ownership of the securities held by the Funds it advises, stating that all reported securities are owned by the Funds.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Industry Context

StockSavvy.ai notes that significant holdings by investment advisors and ETFs like ALPS Advisors and Alerian MLP ETF are common in the midstream energy sector, reflecting investor appetite for stable income-generating assets. This filing confirms continued institutional support for Western Midstream Partners LP.

Stakeholder Impact

• Shareholders: The substantial and stable institutional ownership may provide a degree of price support and signal confidence in the company's long-term prospects.
• Creditors: Continued strong institutional backing can be viewed positively by debt holders, potentially influencing credit ratings and borrowing costs.

Next Steps

• Continued monitoring of ownership changes by ALPS Advisors, Inc. and Alerian MLP ETF.
• Observation of Western Midstream Partners LP's operational and financial performance.

Key Dates

Keywords

Western Midstream Partners LP, Schedule 13G, ALPS Advisors, Alerian MLP ETF, Limited Partner Interests, Institutional Ownership, Beneficial Ownership