SCHEDULE 13G/A: Bank of New York Mellon Affirms 8.2% Stake in Franklin ClearBridge Enhanced Income ETF

Bank of New York Mellon Corporation and its subsidiaries have filed an amendment to their Schedule 13G, confirming their beneficial ownership of 8.2% of the Franklin ClearBridge Enhanced Income ETF as of March 31, 2025.

Summary

• The Bank of New York Mellon Corporation and its direct and indirect subsidiaries, including BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc., collectively reported beneficial ownership of 8.2% of the Franklin ClearBridge Enhanced Income ETF.
• The aggregate amount beneficially owned by The Bank of New York Mellon Corporation is 164,967.00 shares.
• BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc. each reported beneficial ownership of 164,966.00 shares.
• The filing specifies that the reported shares are held in various fiduciary capacities, and another entity is entitled to dividends or proceeds of sale in every instance.
• No single other person's interest in the reported securities exceeds 5% of the class.
• The filing is an Amendment No. 4 to the Schedule 13G, indicating ongoing disclosure of ownership.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, typical for a Schedule 13G filing. It does not contain positive or negative financial performance indicators or strategic announcements.

Positives

• The filing confirms a significant, stable institutional ownership stake by a major financial institution, Bank of New York Mellon, in the Franklin ClearBridge Enhanced Income ETF.
• The beneficial ownership is held in ordinary course of business and not for the purpose of changing or influencing control of the issuer, indicating a passive investment stance.

Negatives

• NA

Risks

• The filing itself does not detail risks related to the issuer's operations or financial health, as it is a beneficial ownership disclosure.

Future Outlook

The document is a factual disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's performance or future outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This Schedule 13G filing reflects a standard disclosure by a large institutional investor, Bank of New York Mellon, regarding its passive ownership stake in an Exchange Traded Fund (ETF). Such filings are routine for major asset managers and custodians, providing transparency on significant holdings in publicly traded securities. It indicates the continued presence of a major financial services firm as a significant holder in the ETF market.

Stakeholder Impact

• Shareholders of Legg Mason ETF Investment Trust (Franklin ClearBridge Enhanced Income ETF) gain transparency into the significant institutional ownership by Bank of New York Mellon, which can be viewed as a sign of stability and liquidity for the ETF.

Next Steps

• The Bank of New York Mellon Corporation and its subsidiaries will continue to file Schedule 13G amendments as required by SEC regulations if their beneficial ownership stake changes significantly or if their investment intent shifts.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, ETF, Investment Trust, Bank of New York Mellon, Franklin ClearBridge Enhanced Income ETF, Institutional Ownership, SEC Filing, Passive Investment