SCHEDULE: BNY Mellon Discloses 20% Stake in Dana Dividend ETF

Bank of New York Mellon Corporation and its subsidiaries have reported a 20.0% beneficial ownership in Tidal Trust I's Dana Concentrated Dividend ETF.

Summary

• Bank of New York Mellon Corporation and its subsidiaries, including BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc., have filed a Schedule 13G.
• The filing discloses beneficial ownership of 324,981.00 shares of Tidal Trust I's Dana Concentrated Dividend ETF.
• This aggregate amount represents 20.0% of the class of securities.
• The reporting persons hold sole voting power over 321,786.00 shares and shared dispositive power over 324,981.00 shares.
• The securities are held in various fiduciary capacities, with other entities entitled to dividends or sale proceeds, and no single other person's interest exceeds 5%.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, typical for institutional investors. It does not inherently convey positive or negative sentiment about the issuer's performance, but rather reflects an investment position.

Positives

• Significant institutional interest from Bank of New York Mellon Corporation and its subsidiaries, holding a 20.0% stake in the Dana Concentrated Dividend ETF.

Risks

• The filing includes a disclaimer stating that the filing of this Schedule 13G should not be construed as an admission that The Bank of New York Mellon Corporation or its subsidiaries are beneficial owners for the purposes of Section 13(d) or 13(g) of the Act.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the issuer's future performance or the reporting person's future investment intentions beyond the current ownership disclosure.

Industry Context

This Schedule 13G filing indicates a significant institutional stake by a major financial services corporation, BNY Mellon, in an Exchange Traded Fund (ETF). Such disclosures are common for large asset managers and signal their investment positions in publicly traded securities, often reflecting their role as fiduciaries managing client assets rather than taking an activist stance.

Stakeholder Impact

• Shareholders: The disclosure of a significant 20.0% stake by a major institution like BNY Mellon may be viewed positively, indicating institutional confidence or interest in the ETF. It also provides transparency regarding a large holder's position.

Key Dates

Keywords

Tidal Trust I, Dana Concentrated Dividend ETF, Bank of New York Mellon, BNY Mellon, Schedule 13G, Beneficial Ownership, ETF, Institutional Ownership, Investment Adviser, Dividend ETF