A series of W/SiO2/Al2O3 catalysts with various tungsten loadings were synthesized via the impregnation method. The as-synthesized catalysts were characterized by X-ray diffraction (XRD), Raman spectroscopy, ultraviolet-visible (UV-Vis) spectroscopy, H2 temperature-programmed reduction (H2-TPR), and NH3 temperature-programmed desorption (NH3-TPD). The results reveal that the tungsten loadings were crucial to the dispersion and reducibility of the tungsten oxide species and the acidity of catalysts. The catalytic performances were also investigated during the metathesis of 1-butene to propene. Amongst these catalysts, W/SiO2/Al2O3 with a tungsten mass fraction of 6.0% gave the highest activity and stability during the 1-butene metathesis reaction. The excellent catalytic performance of the catalyst containing a tungsten mass fraction of 6.0% is attributed to its moderate dispersion, suitable reducibility of the WOx species and suitable acidity. We speculate that these factors are favorable for the formation of active centers for olefin metathesis.