SCHEDULE: BNY Mellon Discloses 22.7% Stake in Dana Dividend ETF

The Bank of New York Mellon Corporation and its subsidiaries have reported a 22.7% beneficial ownership in Tidal Trust I's Dana Concentrated Dividend ETF.

Summary

• The Bank of New York Mellon Corporation, along with its subsidiaries BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc., collectively hold beneficial ownership in Tidal Trust I's Dana Concentrated Dividend ETF.
• The aggregate amount beneficially owned by these reporting persons is 390,473.00 shares.
• This ownership represents 22.7% of the class of securities.
• The reporting persons hold sole voting power over 386,503.00 shares and shared dispositive power over 390,473.00 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The beneficial ownership is held in various fiduciary capacities, with other entities entitled to dividends or proceeds of sale, and no single other person's interest exceeds 5%.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure. Schedule 13G filings are standard regulatory reports for passive institutional ownership and do not inherently convey positive or negative sentiment about the issuer's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11. This mitigates potential risks associated with activist investor intentions.

Future Outlook

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

Management Comments

• Andrew Weiser, Attorney-In-Fact for the reporting persons, certified that 'to the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.'

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by institutional investors holding more than 5% of a company's stock, indicating a passive investment intent. This filing reflects The Bank of New York Mellon Corporation's role as a significant institutional holder in the ETF market, managing assets in a fiduciary capacity.

Comparison to Industry Standards

• NA

Related Party Transactions

• The Bank of New York Mellon Corporation and its direct or indirect subsidiaries beneficially own the securities in various fiduciary capacities, meaning another entity is entitled to dividends or proceeds of sale. No single other person's interest in these securities exceeds 5%.

Stakeholder Impact

• Shareholders of Tidal Trust I's Dana Concentrated Dividend ETF gain transparency regarding a significant institutional holder's passive stake.
• The filing confirms that the investment is held in the ordinary course of business, indicating no immediate intent to influence the issuer's control or operations.

Next Steps

• NA

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, Tidal Trust I, Dana Concentrated Dividend ETF, BNY Mellon, ETF, Institutional Investor, Investment Management