SCHEDULE: BNY Mellon Entities Report Stake in First Trust ETF

Several Bank of New York Mellon entities have filed a Schedule 13G, reporting a passive ownership stake in the First Trust Horizon Managed Volatility Small/Mid ETF.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in reporting for beneficial ownership of securities.
• The filing pertains to the First Trust Horizon Managed Volatility Small/Mid ETF, with CUSIP number 33741Y100.
• The reporting persons are various entities within The Bank of New York Mellon Corporation, including BNY Mellon Corp, BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc.
• The reporting date for the event requiring this filing is August 31, 2026.
• The Bank of New York Mellon Corporation, as the ultimate parent, reports an aggregate of 2.00 shares beneficially owned, representing 0.0% of the class.
• Other listed BNY Mellon entities report 0.00 shares beneficially owned, also representing 0.0% of the class.
• The filing clarifies that this Schedule 13G does not constitute an admission of beneficial ownership for the purposes of Section 13(d) or 13(g) of the Act beyond what is reported.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to its nature as a Schedule 13G, indicating a passive ownership stake without significant strategic implications or positive company performance indicators.

Negatives

• The filing indicates a very small, effectively negligible, ownership stake (2.00 shares out of a total class) by the primary reporting entity, The Bank of New York Mellon Corporation.
• The ownership percentage reported by all BNY Mellon entities is 0.0%, suggesting no significant influence or investment in the ETF.

Future Outlook

This filing is a historical disclosure of ownership and does not contain forward-looking statements or guidance regarding the ETF's future performance or strategy.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and fund managers, often indicating passive holdings rather than active investment strategies or significant shifts in control. The minimal reported ownership by BNY Mellon entities suggests this is a standard administrative filing.

Stakeholder Impact

• Shareholders of the First Trust Horizon Managed Volatility Small/Mid ETF are unlikely to be significantly impacted, as the filing indicates a minimal and passive ownership stake by BNY Mellon entities.

Key Dates

Keywords

ETF, Managed Volatility, Small/Mid Cap, Exchange-Traded Fund, Securities Ownership, Schedule 13G, Beneficial Ownership