BNY Mellon reports 22.8% stake in First Trust ETF

The Bank of New York Mellon Corporation amended a Schedule 13G to report its beneficial ownership in First Trust Horizon Managed Volatility Domestic ETF.

Accepted by SEC EDGAR 04/07/2026 - 02:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

The Bank of New York Mellon Corporation amended a Schedule 13G to report its beneficial ownership in First Trust Horizon Managed Volatility Domestic ETF. The cover shows Bank of New York Mellon Corp holds 422,253 shares (including 419,154 sole voting power) representing 22.8% of the class. Related reporting entities BNY Mellon IHC, MBC Investments Corp, and BNY Mellon Advisors, Inc. each report 398,426 shares representing 21.5% of the class.

The filing states the holdings are held by the corporation and its subsidiaries in various fiduciary capacities and notes that another entity may be entitled to dividends or sale proceeds; no single third party is identified as holding more than 5%.

Insights

Institutional Ownership Specialist

Large passive holdings by a custodial group are disclosed; ownership percentages are material but administrative.

The Schedule 13G/A lists substantial share counts and percentages: 422,253 shares (22.8%) for The Bank of New York Mellon Corporation and 398,426 shares (21.5%) for affiliated reporting entities. These figures reflect aggregate fiduciary holdings rather than an active activist stake.

Key dependencies include the fiduciary role and the multiple subsidiary reporting structure. Subsequent filings may clarify which subsidiaries hold voting or dispositive authority and whether holdings change materially.

Key Figures

BNY Mellon total shares reported: 422,253 shares BNY Mellon sole voting power: 419,154 shares BNY Mellon shared dispositive power: 397,979 shares +3 more

6 metrics

BNY Mellon total shares reported 422,253 shares cover page ownership total

BNY Mellon sole voting power 419,154 shares cover page voting power

BNY Mellon shared dispositive power 397,979 shares cover page dispositive power

BNY Mellon ownership percent 22.8% percent of class shown on cover

Affiliated entities shares 398,426 shares BNY Mellon IHC, MBC Investments, BNY Mellon Advisors reported amount

Affiliated entities percent 21.5% percent of class for each affiliated reporting entity

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, fiduciary capacities

4 terms

Schedule 13G/A regulatory

"Amendment No. 3 FIRST TRUST EXCHANGE-TRADED FUND III"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned regulatory

"Amount beneficially owned: See Item 5 through 9"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power financial

"Sole Dispositive Power 24,274.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

fiduciary capacities legal

"held by the corporation and its subsidiaries in their various fiduciary capacities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Bank of New York Mellon (BK) report in First Trust Horizon Managed Volatility Domestic ETF?

The filing reports 422,253 shares (22.8%) held by The Bank of New York Mellon Corporation. It also shows affiliated entities each holding 398,426 shares (21.5%), per the cover-page figures.

Does the Schedule 13G/A show who controls voting or disposition for these shares?

Yes. The filing lists voting and dispositive power figures, including 419,154 sole voting power and 397,979 shared dispositive power for the Bank. Specific allocation among subsidiaries is shown on the cover.

Are these holdings held on behalf of other parties according to the filing?

The filing states the securities are held by the corporation and its subsidiaries in various fiduciary capacities. It also notes no single third party is identified as having over 5% interest.

Which affiliated entities are listed on the amendment?

Affiliated reporting entities listed include BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc., each reporting 398,426 shares (21.5%) on the cover.

Does the Schedule 13G/A indicate an intent to influence fund management?

No explicit intent to influence governance is stated. The filing presents fiduciary holdings and voting/dispositive figures without asserting activist intent or control actions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

FIRST TRUST EXCHANGE-TRADED FUND III

(Name of Issuer)

First Trust Horizon Managed Volatility Domestic ETF

(Title of Class of Securities)

33739P889

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 33739P889

1

Names of Reporting Persons

Bank of New York Mellon Corp

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 419,154.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 24,274.00
8	Shared Dispositive Power 397,979.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

422,253.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.8 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 33739P889

1

Names of Reporting Persons

BNY Mellon IHC, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 395,327.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 447.00
8	Shared Dispositive Power 397,979.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

398,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

21.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 33739P889

1

Names of Reporting Persons

MBC Investments Corp

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 395,327.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 447.00
8	Shared Dispositive Power 397,979.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

398,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

21.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 33739P889

1

Names of Reporting Persons

BNY Mellon Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 395,327.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 447.00
8	Shared Dispositive Power 397,979.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

398,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

21.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST TRUST EXCHANGE-TRADED FUND III
(b)	Address of issuer's principal executive offices: 120 EAST LIBERTY DRIVE, WHEATON, ILLINOIS, 60187.
Item 2.
(a)	Name of person filing: The Bank of New York Mellon Corporation
(b)	Address or principal business office or, if none, residence: 240 Greenwich Street New York, New York 10286
(c)	Citizenship: See cover page
(d)	Title of class of securities: First Trust Horizon Managed Volatility Domestic ETF
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 5 through 9 and 11 of cover page(s) as to each reporting person. The filing of this Schedule 13G shall not be construed as an admission that The Bank of New York Mellon Corporation, or its direct or indirect subsidiaries, including The Bank of New York Mellon and BNY Mellon, National Association, are for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule 13G.
(b)	Percent of class: See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
	(ii) Shared power to vote or to direct the vote: See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
	(iii) Sole power to dispose or to direct the disposition of: See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
	(iv) Shared power to dispose or to direct the disposition of: See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the securities are beneficially owned by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in their various fiduciary capacities. As a result, another entity in every instance is entitled to dividends or proceeds of sale. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit I.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bank of New York Mellon Corp

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	04/07/2026

BNY Mellon IHC, LLC

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	04/07/2026

MBC Investments Corp

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	04/07/2026

BNY Mellon Advisors, Inc.

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	04/07/2026