BK.NYSEBank of New York Mellon CORP
SCHEDULE: Bank of New York Mellon Corp Reports 5.2% Ownership in iShares BBB Rated Corporate Bond ETF
Sentiment:
Schedule 13G Filing
Bank of New York Mellon Corp and its subsidiaries report beneficial ownership of 5.2% of the iShares BBB Rated Corporate Bond ETF as of December 31, 2024.
Summary
- Bank of New York Mellon Corp has filed a Schedule 13G indicating beneficial ownership of shares in the iShares BBB Rated Corporate Bond ETF.
- As of December 31, 2024, the bank and its subsidiaries held 26,004 shares, representing 5.2% of the ETF's class of securities.
- The filing indicates that the shares are held in various fiduciary capacities by the bank's direct or indirect subsidiaries.
- The bank has sole voting and dispositive power over the 26,004 shares.
- WisdomTree Bianco Total Return Fund has an interest of more than 5% of the total outstanding iShares BBB Rated Corporate Bond ETF.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The filing shows a significant ownership stake, which could be viewed positively, but it's primarily an informational disclosure.
Industry Context
This filing is a routine disclosure required by the SEC for institutional investors holding more than 5% of a class of securities, and indicates the level of investment by a major financial institution in a specific bond ETF.
Comparison to Industry Standards
- Schedule 13G filings are standard practice for institutional investors like Bank of New York Mellon when their ownership in a publicly traded security exceeds 5%.
- Comparable filings can be observed from other major financial institutions such as BlackRock, Vanguard, and State Street, disclosing their ownership positions in various ETFs and publicly listed companies.
- The reported ownership percentage of 5.2% is within the typical range for institutional holdings in ETFs, reflecting a significant but not controlling interest.
Stakeholder Impact
- The disclosure provides transparency to shareholders of the iShares BBB Rated Corporate Bond ETF regarding institutional ownership.
- The filing confirms the ETF's attractiveness to large institutional investors like Bank of New York Mellon.
Key Dates
| Date | Description |
|---|---|
| September 16, 2015 | Date of Power of Attorney execution by Donald Heberle of BNY Mellon, National Association. |
| September 18, 2015 | Date of Power of Attorney execution by Mitchell E. Harris of The Bank of New York Mellon. |
| August 26, 2015 | Date of Power of Attorney execution by Curtis Arledge of The Bank of New York Mellon. |
| October 7, 2015 | Date of Power of Attorney execution by Kurtis R. Kurimsky of Mellon Overseas Investment Corporation. |
| October 9, 2015 | Date of Power of Attorney execution by Thomas J. Dicker of BNY Mellon, National Association. |
| July 15, 2015 | Date of Power of Attorney execution by Rodger Nisbet of Walter Scott & Partners Limited. |
| July 17, 2015 | Date of Power of Attorney execution by James Helby of Newton Investment Management Limited and Helena Morrissey of Newton Management Limited. |
| August 15, 2016 | Date of Power of Attorney execution by John M. Roy of BNY International Financing Corporation. |
| October 19, 2015 | Date of Power of Attorney execution by Lee James Woolley of BNY Mellon Trust of Delaware. |
| October 20, 2015 | Date of Power of Attorney execution by Antonio Portuondo of The Bank of New York Mellon Trust Company, National Association. |
| October 21, 2015 | Date of Power of Attorney execution by James P. Ambagis of BNY Mellon Trust of Delaware, Greg Brisk of BNY Mellon Investment Management Europe Holdings Limited, Greg Brisk of BNY Mellon International Asset Management (Holdings) Limited, Greg Brisk of BNY Mellon Investment Management (Jersey) Limited, and Thomas P. Gibbons of BNY Capital Markets Holdings, Inc. |
| August 27, 2015 | Date of Joint Filing Agreement execution by Mitchell E. Harris of The Bank of New York Mellon. |
| January 4, 2016 | Date of Power of Attorney execution by Camila Souza and Guilherme Abry of ARX Investimentos LTDA. |
| February 16, 2016 | Date of Power of Attorney execution by Charles Farquharson of Insight Investment Management (Global) Limited and Insight Investment Management Corporation Limited. |
| March 8, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of The Bank of New York Mellon Trust Company, National Association. |
| March 17, 2017 | Date of Power of Attorney and Joint Filing Agreement execution by Mitchell E. Harris of The Bank of New York Mellon Corporation. |
| March 29, 2017 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY Mellon IHC, LLC. |
| April 19, 2016 | Date of Power of Attorney execution by Emily Chan and Doni Shamsuddin of BNY Mellon Investment Management (APAC) Holdings Limited. |
| April 29, 2016 | Date of Power of Attorney execution by Paul A. Griffiths of MBC Investments Corporation. |
| April 10, 2020 | Date of Power of Attorney execution by Shogo Yamaguchi of BNY Mellon Investment Management Japan Limited. |
| May 5, 2016 | Date of Power of Attorney execution by Carlos Alberto Saraiva and Marcus Vinicius Mathias Pereira of BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. and BNY Mellon Participacoes LTDA. |
| May 11, 2016 | Date of Power of Attorney execution by Claire Santaniello of Pershing Group LLC. |
| May 12, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY International Financing Corporation. |
| May 17, 2016 | Date of Power of Attorney execution by Laura Ahto of The Bank of New York Mellon SA/NV, Gillian Nelson and Patricia Bruzio of BNY Mellon Trust Company (Cayman) Limited. |
| May 24, 2016 | Date of Power of Attorney execution by Claire Santaniello of Pershing LLC. |
| June 03, 2019 | Date of Power of Attorney execution by James Bitetto of BNY Mellon Investment Adviser, Inc. and Kenneth J. Bradle of BNY Mellon Securities Corporation. |
| June 15, 2023 | Date of Power of Attorney execution by Joel Hempel of BNY Mellon Advisors, Inc. |
| June 29, 2018 | Date of Power of Attorney execution by Leo P. Grohowski of Mellon Global Investing Corporation. |
| December 7, 2016 | Date of Power of Attorney execution by John Ariola of Insight North America LLC. |
| February 02, 2023 | Date of Power of Attorney execution by Izumi Chihara of Newton Investment Management Japan LTD. |
| February 14, 2018 | Date of Power of Attorney execution by Lee Palmer of Insight Investment International Limited. |
| August 20, 2021 | Date of Power of Attorney execution by Michael Germano of Newton Investment Management North America, LLC. |
| December 04, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of BNY Mellon ETF Investment Adviser, LLC. |
| January 10, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of Mellon Investments Corporation. |
| October 19, 2016 | Date of Power of Attorney execution by Jeff Gearhart of BNY Mellon Capital Markets, LLC. |
| 12/31/2024 | Date of event which requires filing of this statement. |
| 01/23/2025 | Date of signature for the Schedule 13G filings by Andrew Weiser, Attorney-In-Fact for Bank of New York Mellon Corp, BNY Mellon IHC, LLC, MBC Investments Corp, and MELLON INVESTMENTS Corp. |
Keywords
iShares BBB Rated Corporate Bond ETF, Bank of New York Mellon, Schedule 13G, Beneficial Ownership, Investment, Securities
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