SCHEDULE: BNY Mellon Discloses 18.7% Stake in Invesco ETF

Bank of New York Mellon Corporation and its subsidiaries reported an 18.7% beneficial ownership in the Invesco Russell 2000 Dynamic Multifactor ETF as of September 30, 2025.

Summary

• Bank of New York Mellon Corporation and its direct and indirect subsidiaries collectively beneficially own 1,079,438 shares of Invesco Russell 2000 Dynamic Multifactor ETF.
• This ownership represents 18.7% of the class of securities.
• The shares are held in various fiduciary capacities in the ordinary course of business.
• The acquisition was not for the purpose of changing or influencing control of the issuer.
• The filing is an Amendment No. 5 to a Schedule 13G, with the event date specified as September 30, 2025.

Sentiment

Score: 7

Explanation: A large institutional holding is generally positive for an ETF, indicating confidence and liquidity, but the filing itself is purely factual and routine, disclosing passive ownership.

Positives

• Bank of New York Mellon Corporation, a major financial institution, holds a substantial 18.7% stake, indicating significant institutional presence in the Invesco Russell 2000 Dynamic Multifactor ETF.
• The shares are held in the ordinary course of business and not for control purposes, suggesting a passive and stable investment strategy.

Negatives

• No specific negative aspects are disclosed in this Schedule 13G filing.

Risks

• No specific risks to the issuer or investment are detailed in this ownership disclosure.

Future Outlook

The filing indicates that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a continued passive investment approach by Bank of New York Mellon Corporation.

Management Comments

• The securities 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.

Industry Context

This filing reflects a routine disclosure by a major financial institution, Bank of New York Mellon Corporation, regarding its significant passive investment in an Exchange-Traded Fund (ETF). Such large institutional holdings are common in the asset management industry, where entities like BNY Mellon act in various fiduciary capacities for clients.

Comparison to Industry Standards

• NA

Related Party Transactions

• The shares are beneficially owned by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in their various fiduciary capacities.

Stakeholder Impact

• Shareholders of Invesco Russell 2000 Dynamic Multifactor ETF: Increased institutional ownership may signal stability and confidence, potentially enhancing liquidity.
• Clients of Bank of New York Mellon Corporation: The holding reflects BNY Mellon's role in managing assets in various fiduciary capacities.

Next Steps

• No specific future actions or milestones are detailed in this ownership disclosure.

Key Dates

Keywords

ETF, Invesco, Russell 2000, Multifactor, BNY Mellon, Beneficial Ownership, Schedule 13G