BK.NYSEBank of New York Mellon CORP
SCHEDULE: Bank of New York Mellon Corp Reports 8.6% Ownership in Nuveen ESG High Yield Corporate Bond ETF
Sentiment:
Schedule 13G Filing
Bank of New York Mellon Corp reports beneficial ownership of 8.6% of Nuveen ESG High Yield Corporate Bond ETF as of December 31, 2024.
Summary
- The Bank of New York Mellon Corporation has filed a Schedule 13G amendment indicating its ownership stake in Nuveen ESG High Yield Corporate Bond ETF.
- As of December 31, 2024, Bank of New York Mellon Corp beneficially owns 371,211 shares, representing 8.6% of the ETF's class of securities.
- BNY Mellon N.A., a subsidiary, directly holds 320,352 of these shares, which is 7.5% of the class.
- The filing clarifies that the reported shares are held in various fiduciary capacities by the Bank of New York Mellon Corporation and its subsidiaries.
- No single other person's interest in the reported securities exceeds 5%.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating a neutral to slightly positive sentiment as it reflects continued investment in the ETF.
Positives
- The filing provides transparency regarding the ownership structure of Nuveen ESG High Yield Corporate Bond ETF.
- It confirms that the shares are held in fiduciary capacities, suggesting a professional and managed approach to the investment.
Industry Context
Schedule 13G filings are standard practice for institutional investors holding more than 5% of a company's stock, providing transparency to the market.
Comparison to Industry Standards
- Institutional investors like BlackRock and Vanguard often file similar 13G reports for their holdings in various ETFs and companies.
- These filings are a routine part of regulatory compliance for large asset managers and indicate their investment positions.
- The reported ownership stake of 8.6% is within the typical range for institutional holdings in ETFs.
Stakeholder Impact
- Shareholders of Nuveen ESG High Yield Corporate Bond ETF are informed about the significant ownership stake held by Bank of New York Mellon Corp.
- This information can influence investor confidence and perception of the ETF's stability.
Key Dates
| Date | Description |
|---|---|
| September 16, 2015 | Date of Power of Attorney execution by Donald Heberle of BNY Mellon, National Association. |
| October 9, 2015 | Date of Power of Attorney execution by Thomas J. Dicker of BNY Mellon, National Association. |
| August 26, 2015 | Date of Power of Attorney execution by Curtis Arledge of The Bank of New York Mellon. |
| September 18, 2015 | Date of Power of Attorney execution by Mitchell E. Harris of The Bank of New York Mellon. |
| October 20, 2015 | Date of Power of Attorney execution by Antonio Portuondo of The Bank of New York Mellon Trust Company, National Association. |
| March 8, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of The Bank of New York Mellon Trust Company, National Association. |
| October 19, 2015 | Date of Power of Attorney execution by Lee James Woolley of BNY Mellon Trust of Delaware. |
| October 21, 2015 | Date of Power of Attorney execution by James P. Ambagis of BNY Mellon Trust of Delaware. |
| July 17, 2015 | Date of Power of Attorney execution by James Helby of Newton Investment Management Limited. |
| July 15, 2015 | Date of Power of Attorney execution by Rodger Nisbet of Walter Scott & Partners Limited. |
| February 14, 2018 | Date of Power of Attorney execution by Lee Palmer of Insight Investment International Limited. |
| May 17, 2016 | Date of Power of Attorney execution by Laura Ahto of The Bank of New York Mellon SA/NV. |
| January 4, 2016 | Date of Power of Attorney execution by Camila Souza and Guilherme Abry of ARX Investimentos LTDA. |
| 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. |
| February 16, 2016 | Date of Power of Attorney execution by Charles Farquharson of Insight Investment Management (Global) Limited. |
| April 10, 2020 | Date of Power of Attorney execution by Shogo Yamaguchi of BNY Mellon Investment Management Japan Limited. |
| January 10, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of Mellon Investments Corporation. |
| June 3, 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. |
| December 7, 2016 | Date of Power of Attorney execution by John Ariola of Insight North America LLC. |
| May 17, 2016 | Date of Power of Attorney execution by 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. |
| October 19, 2016 | Date of Power of Attorney execution by Jeff Gearhart of BNY Mellon Capital Markets, LLC. |
| April 19, 2016 | Date of Power of Attorney execution by Emily Chan and Doni Shamsuddin of BNY Mellon Investment Management (APAC) Holdings Limited. |
| June 29, 2018 | Date of Power of Attorney execution by Leo P. Grohowski of Mellon Global Investing Corporation. |
| March 29, 2017 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY Mellon IHC, LLC. |
| April 29, 2016 | Date of Power of Attorney execution by Paul A. Griffiths of MBC Investments Corporation. |
| October 7, 2015 | Date of Power of Attorney execution by Kurtis R. Kurimsky of Mellon Overseas Investment Corporation Limited. |
| May 12, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY International Financing Corporation. |
| August 15, 2016 | Date of Power of Attorney execution by John M. Roy of BNY International Financing Corporation. |
| October 21, 2015 | Date of Power of Attorney execution by Greg Brisk of BNY Mellon Investment Management Europe Holdings Limited and BNY Mellon International Asset Management (Holdings) Limited. |
| October 24, 2015 | Date of Power of Attorney execution by Thomas P. Gibbons of BNY Capital Markets Holdings, Inc. |
| May 5, 2016 | Date of Power of Attorney execution by Carlos Alberto Saraiva and Marcus Vinicius Mathias Pereira of BNY Mellon Participacoes LTDA. |
| August 20, 2021 | Date of Power of Attorney execution by Michael Germano of Newton Investment Management North America, LLC. |
| February 2, 2023 | Date of Power of Attorney execution by Izumi Chihara of Newton Investment Management Japan LTD. |
| December 4, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of BNY Mellon ETF Investment Adviser, LLC. |
| March 17, 2017 | Date of Power of Attorney execution by Mitchell E. Harris of The Bank of New York Mellon Corporation. |
| May 11, 2016 | Date of Power of Attorney execution by Claire Santaniello of Pershing Group LLC. |
| December 31, 2024 | Date of event which requires filing of this statement (ownership date). |
| January 23, 2025 | Date of signature for the Schedule 13G filing. |
Keywords
Schedule 13G, Nuveen ESG High Yield Corporate Bond ETF, Bank of New York Mellon, Beneficial Ownership, ETF, Investment
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