Schedule 13G: WIN ADVISORS Discloses 9.6% Holding in First Trust ETF
Rhea-AI Filing Summary
WIN ADVISORS, INC reported beneficial ownership of 86,501 shares of First Trust Exchange-Traded Fund VI (CUSIP 33738R795), representing 9.6% of the class. The filing shows WIN ADVISORS has sole dispositive power over those shares but no sole or shared voting power, indicating control of disposition but not of voting rights. The statement is made on a Schedule 13G basis and includes a certification that the position was acquired and is held in the ordinary course of business and not to change or influence control of the issuer. The filing lists WIN ADVISORS' Florida address and is signed by the firm's Chief Compliance Officer.
Positive
- Material ownership disclosed: 86,501 shares representing 9.6% of the class
- Sole dispositive power: WIN ADVISORS can direct disposition of the shares
- Schedule 13G certification: Filing states holdings are passive and held in the ordinary course of business
- Signed by CCO: Signature by Chief Compliance Officer provides formal attestation
Negative
- No voting power: Reported sole and shared voting power are 0, indicating no claimed voting influence
Insights
TL;DR: A passive investor disclosed a material 9.6% stake with disposition but no voting power, suggesting economic exposure without control intent.
WIN ADVISORS' Schedule 13G shows a substantial minority position at 9.6% of the class, which is large enough to be material for many investors and may attract market attention. The reporting details 86,501 shares with sole dispositive authority, meaning WIN ADVISORS can buy or sell the shares but does not claim voting influence. Filing on Schedule 13G and the included certification indicate the filer asserts a passive intent rather than an attempt to exert control. For investors, the key implication is notable economic exposure to the ETF without an announced governance agenda.
TL;DR: Compliance filing appears complete: ownership, powers, and certification present; demonstrates passive holding under Schedule 13G rules.
The document includes required identification fields: issuer name and CUSIP, reporting person name and address, citizenship, and precise vote/dispositive breakdowns. The signature of the Chief Compliance Officer and the certification language satisfy standard attestations for a Schedule 13G disclosure. Absence of voting power is explicitly stated, reducing regulatory concern about undisclosed control intentions. From a compliance perspective, the filing meets disclosure obligations for a >5% passive owner.