First Trust Exchange-Traded AlphaDEX Fund II has filed an amended Schedule 13G, revealing that it is now under significant ownership by its affiliated entities. This filing is crucial as it reflects the growing influence of institutional investors in the fund’s management and strategic direction.
First Trust Exchange-Traded AlphaDEX Fund II, incorporated in Massachusetts, is classified under the investment entity type. The firm is located at 120 East Liberty Drive, Suite 400, Wheaton, Illinois, and is represented by First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation.
The recent filing, dated October 22, 2026, indicates that the three entities collectively own 919,902 shares of the fund, representing 51.11% of the total shares. The filing states, "This Schedule 13G filing is jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1)." This ownership structure highlights the significant role these firms play in the fund's governance.
The filing further clarifies that while these entities hold substantial shares, they do not possess voting power over the shares held by unit investment trusts sponsored by First Trust Portfolios L.P. Instead, the trustee of these trusts votes the shares to align with the interests of other shareholders.
This update may affect various stakeholders, including investors and competitors in the investment management industry. The increased institutional ownership can lead to more strategic decision-making and potentially influence market trends.
What's next remains unclear, as the filing does not specify any forthcoming actions or decisions regarding the fund's management or strategy.