SCHEDULE: BNY Mellon Discloses 16.6% Stake in First Trust ETF
Beneficial Ownership Disclosure
Bank of New York Mellon Corporation and its subsidiaries reported a 16.6% beneficial ownership in First Trust Horizon Managed Volatility Domestic ETF as of December 31, 2025.
Summary
- Bank of New York Mellon Corporation and its direct and indirect subsidiaries collectively hold a 16.6% beneficial ownership stake in First Trust Horizon Managed Volatility Domestic ETF (CUSIP: 33739P889).
- The aggregate amount beneficially owned by Bank of New York Mellon Corp is 397,352 shares.
- BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc. each beneficially own 397,350 shares, representing 16.6% of the class.
- The ownership is held in various fiduciary capacities, with no single other person's interest in the securities exceeding 5%.
- The filing is an Amendment No. 2 to Schedule 13G, indicating a passive investment intent and that the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by a large institutional investor, indicating a passive stake without any operational or strategic changes for the issuer.
Positives
- The disclosure indicates a significant institutional investment in the First Trust Horizon Managed Volatility Domestic ETF by a major financial institution.
- The ownership is stated to be in the ordinary course of business, not for control purposes, suggesting a stable, passive investment.
Negatives
- No specific negative information is contained within this routine ownership disclosure.
Risks
- No specific risks related to the issuer's operations or financial health are disclosed in this beneficial ownership filing.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or BNY Mellon's investment strategy beyond the ordinary course of business.
Management Comments
- The Bank of New York Mellon Corporation certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are standard disclosures by institutional investors holding more than 5% of a company's stock, indicating a passive investment intent. This filing confirms BNY Mellon's continued significant, but passive, stake in the First Trust Horizon Managed Volatility Domestic ETF, consistent with its role as a major asset manager and fiduciary.
Related Party Transactions
- The beneficial ownership is held by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in various fiduciary capacities, which are considered related parties.
Stakeholder Impact
- Shareholders of First Trust Horizon Managed Volatility Domestic ETF may note the continued significant institutional ownership by BNY Mellon, which can imply a degree of stability and confidence in the ETF's underlying strategy.
- The filing confirms BNY Mellon's role as a significant, but passive, investor, which generally does not impact the operational management or strategic direction of the ETF.
Key Dates
| Date | Description |
|---|---|
| 2015-07-15 | Walter Scott & Partners Limited and Newton Investment Management Limited signed Power of Attorney/Joint Filing Agreement. |
| 2015-07-17 | Newton Investment Management Limited and Newton Management Limited signed Power of Attorney/Joint Filing Agreement. |
| 2015-08-26 | The Bank of New York Mellon signed Power of Attorney/Joint Filing Agreement. |
| 2015-08-27 | The Bank of New York Mellon signed Joint Filing Agreement. |
| 2015-09-16 | BNY Mellon, National Association signed Power of Attorney/Joint Filing Agreement. |
| 2015-09-18 | The Bank of New York Mellon signed Power of Attorney. |
| 2015-10-07 | Mellon Overseas Investment Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2015-10-09 | BNY Mellon, National Association signed Power of Attorney/Joint Filing Agreement. |
| 2015-10-19 | BNY Mellon Trust of Delaware and BNY Mellon Capital Markets, LLC signed Power of Attorney/Joint Filing Agreement. |
| 2015-10-20 | The Bank of New York Mellon Trust Company, National Association signed Power of Attorney/Joint Filing Agreement. |
| 2015-10-21 | BNY Mellon Trust of Delaware, B.N.Y. Holdings (Delaware) Corporation, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon International Asset Management (Holdings) Limited, and BNY Mellon Investment Management (Jersey)Limited signed Power of Attorney/Joint Filing Agreement. |
| 2015-10-24 | BNY Capital Markets Holdings, Inc. signed Power of Attorney/Joint Filing Agreement. |
| 2016-01-04 | ARX Investimentos LTDA signed Power of Attorney/Joint Filing Agreement. |
| 2016-02-16 | Insight Investment Management (Global) Limited and Insight Investment Management Limited signed Power of Attorney/Joint Filing Agreement. |
| 2016-03-08 | The Bank of New York Mellon Trust Company, National Association signed Power of Attorney/Joint Filing Agreement. |
| 2016-04-19 | BNY Mellon Investment Management (APAC) Holdings Limited signed Power of Attorney/Joint Filing Agreement. |
| 2016-04-29 | MBC Investments Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2016-05-05 | BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. and BNY Mellon Participacoes LTDA signed Power of Attorney/Joint Filing Agreement. |
| 2016-05-11 | Pershing Group LLC signed Power of Attorney/Joint Filing Agreement. |
| 2016-05-12 | BNY International Financing Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2016-05-17 | The Bank of New York Mellon SA/NV and BNY Mellon Trust Company (Cayman) Limited signed Power of Attorney/Joint Filing Agreement. |
| 2016-05-24 | Pershing LLC signed Power of Attorney/Joint Filing Agreement. |
| 2016-08-15 | BNY International Financing Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2016-10-19 | BNY Mellon Capital Markets, LLC signed Power of Attorney. |
| 2016-12-07 | Insight North America LLC signed Power of Attorney/Joint Filing Agreement. |
| 2017-03-17 | The Bank of New York Mellon Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2017-03-29 | BNY Mellon IHC, LLC signed Power of Attorney/Joint Filing Agreement. |
| 2018-02-14 | Insight Investment International Limited signed Power of Attorney/Joint Filing Agreement. |
| 2018-06-29 | Mellon Global Investing Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2019-01-10 | Mellon Investments Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2019-06-03 | BNY Mellon Investment Adviser, Inc. and BNY Mellon Securities Corporation signed Power of Attorney/Joint Filing Agreement. |
| 2019-12-04 | BNY Mellon ETF Investment Adviser, LLC signed Power of Attorney/Joint Filing Agreement. |
| 2020-04-10 | BNY Mellon Investment Management Japan Limited signed Power of Attorney/Joint Filing Agreement. |
| 2021-08-20 | Newton Investment Management North America, LLC signed Power of Attorney/Joint Filing Agreement. |
| 2023-02-02 | Newton Investment Management Japan Ltd signed Power of Attorney/Joint Filing Agreement. |
| 2023-06-15 | BNY Mellon Advisors, Inc. signed Power of Attorney/Joint Filing Agreement. |
| 2025-12-31 | Date of event which requires filing of this statement. |
| 2026-01-29 | Signature date for Bank of New York Mellon Corp, BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc. on the Schedule 13G. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure of a passive institutional ownership stake by BNY Mellon. It does not contain new information regarding the operational performance, financial health, or strategic direction of the First Trust Horizon Managed Volatility Domestic ETF that would warrant a change in investment recommendation. The stake is significant but declared as passive, suggesting no immediate catalysts for price movement based on this specific filing. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader market and ETF-specific analysis.
Keywords
BNY Mellon, First Trust, ETF, Schedule 13G, Beneficial Ownership, Institutional Investor, Managed Volatility, Domestic ETF, Investment Management, SEC Filing
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