BNY Mellon Capital Markets, LLC
BNY Mellon Capital Markets, LLC was an authorized participant (AP) for 1,461 US ETFs in Form N-CEN periods ending Aug 31, 2024 to Jun 30, 2026. It created $11.4bn and redeemed $6.4bn of their shares. It was active in 147 of them.
bny.com, the firm’s website ↗| # | Ticker | Fund | Category | Created | Redeemed | Created and redeemed ↓ | Share of the fund’s AP dollars | Active APs in the fund | Period ending |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VTEB | Vanguard Tax-Exempt Bond ETF | Bonds | $1.1bn | $1.2bn | $2.3bn | 11.8% | 10 | Oct 31, 2025 |
| 2 | JIRE | JPMorgan International Research Enhanced Equity ETF | International stocks | $588m | $673m | $1.3bn | 29.4% | 8 | Oct 31, 2025 |
| 3 | PZA | Invesco National AMT-Free Municipal Bond ETF | Bonds | $948m | $239m | $1.2bn | 60.8% | 5 | Aug 31, 2025 |
| 4 | IVV | iShares Core S&P 500 ETF | U.S. stocks | $81.9m | $1.1bn | $1.2bn | 0.1% | 25 | Mar 31, 2026 |
| 5 | VOO | Vanguard S&P 500 ETF | U.S. stocks | $178m | $525m | $703m | 0.1% | 21 | Dec 31, 2025 |
| 6 | TAGG | T. Rowe Price QM U.S. Bond ETF | Bonds | $681m | $0 | $681m | 45.0% | 7 | Oct 31, 2025 |
| 7 | VNQ | Vanguard Real Estate ETF | Sector stocks | $45.2m | $610m | $655m | 6.1% | 15 | Jan 31, 2026 |
| 8 | IWP | iShares Russell Mid-Cap Growth ETF | U.S. stocks | $462m | $14.0m | $476m | 3.8% | 13 | Mar 31, 2026 |
| 9 | IFRA | iShares U.S. Infrastructure ETF | Themes | $403m | $41.0m | $444m | 17.1% | 10 | Mar 31, 2026 |
| 10 | TCAF | T. Rowe Price Capital Appreciation Equity ETF | U.S. stocks | $443m | $0 | $443m | 5.6% | 10 | Dec 31, 2025 |
| 11 | IJR | iShares Core S&P Small-Cap ETF | U.S. stocks | $70.2m | $328m | $398m | 1.5% | 15 | Mar 31, 2026 |
| 12 | TOUS | T. Rowe Price International Equity ETF | International stocks | $377m | $0 | $377m | 40.9% | 6 | Oct 31, 2025 |
| 13 | SGOV | iShares 0-3 Month Treasury Bond ETF | Bonds | $337m | $0 | $337m | 0.5% | 8 | Feb 28, 2026 |
| 14 | OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | U.S. stocks | $324m | $0 | $324m | 17.4% | 9 | Aug 31, 2025 |
| 15 | SCMB | Schwab Municipal Bond ETF | Bonds | $298m | $2.5m | $300m | 13.0% | 8 | Dec 31, 2025 |
| 16 | TVAL | T. Rowe Price Value ETF | U.S. stocks | $278m | $0 | $278m | 43.1% | 8 | Dec 31, 2025 |
| 17 | PWZ | Invesco California AMT-Free Municipal Bond ETF | Bonds | $267m | $0 | $267m | 55.8% | 5 | Aug 31, 2025 |
| 18 | MUB | iShares National Muni Bond ETF | Bonds | $53.3m | $199m | $252m | 2.3% | 7 | Feb 28, 2026 |
| 19 | TGRT | T. Rowe Price Growth ETF | U.S. stocks | $243m | $0 | $243m | 38.9% | 8 | Dec 31, 2025 |
| 20 | DFAU | Dimensional US Core Equity Market ETF | U.S. stocks | $217m | $0 | $217m | 8.5% | 9 | Oct 31, 2025 |
| 21 | RSP | Invesco S&P 500 Equal Weight ETF | U.S. stocks | $141m | $72.3m | $213m | 0.3% | 19 | Apr 30, 2026 |
| 22 | GOVI | Invesco Equal Weight 0-30 Year Treasury ETF | Bonds | $188m | $0 | $188m | 16.9% | 6 | Aug 31, 2025 |
| 23 | VTV | Vanguard Morningstar Value ETF | U.S. stocks | $0 | $186m | $186m | 0.4% | 13 | Dec 31, 2025 |
| 24 | VCSH | Vanguard Short-Term Corporate Bond ETF | Bonds | $174m | $0 | $174m | 0.5% | 10 | Aug 31, 2025 |
| 25 | IGIB | iShares 5-10 Year Investment Grade Corporate Bond ETF | Bonds | $166m | $0 | $166m | 1.7% | 7 | Feb 28, 2026 |
| 26 | IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | Bonds | $160m | $0 | $160m | 0.9% | 8 | Feb 28, 2026 |
| 27 | VTWO | Vanguard Russell 2000 ETF | U.S. stocks | $160m | $0 | $160m | 1.6% | 14 | Aug 31, 2025 |
| 28 | BBCA | JPMorgan BetaBuilders Canada ETF | International stocks | $73.6m | $77.2m | $151m | 10.2% | 9 | Oct 31, 2025 |
| 29 | SUB | iShares Short-Term National Muni Bond ETF | Bonds | $58.6m | $90.2m | $149m | 5.7% | 9 | Feb 28, 2026 |
| 30 | IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | Bonds | $148m | $0 | $148m | 3.3% | 6 | Feb 28, 2026 |
| 31 | MMIT | NYLIM MacKay Muni Intermediate ETF | Bonds | $144m | $0 | $144m | 17.9% | 7 | Apr 30, 2026 |
| 32 | MMIN | NYLIM MacKay Muni Insured ETF | Bonds | $1.2m | $139m | $140m | 36.8% | 6 | Apr 30, 2026 |
| 33 | TMSL | T. Rowe Price Small-Mid Cap ETF | U.S. stocks | $128m | $0 | $128m | 12.3% | 9 | Dec 31, 2025 |
| 34 | VTI | Vanguard Morningstar Total Stock Market ETF | U.S. stocks | $0 | $124m | $124m | 0.2% | 15 | Dec 31, 2025 |
| 35 | IJH | iShares Core S&P Mid-Cap ETF | U.S. stocks | $89.2m | $34.5m | $124m | 0.4% | 17 | Mar 31, 2026 |
| 36 | SCHI | Schwab 5-10 Year Corporate Bond ETF | Bonds | $117m | $0 | $117m | 1.8% | 8 | Dec 31, 2025 |
| 37 | PBUS | Invesco MSCI USA ETF | U.S. stocks | $97.5m | $13.3m | $111m | 2.0% | 9 | Aug 31, 2025 |
| 38 | USIG | iShares Broad USD Investment Grade Corporate Bond ETF | Bonds | $110m | $0 | $110m | 1.4% | 8 | Feb 28, 2026 |
| 39 | PCLG | Polen Focus Growth ETF | U.S. stocks | $109m | $0 | $109m | 44.1% | 5 | Apr 30, 2026 |
| 40 | BAB | Invesco Taxable Municipal Bond ETF | Bonds | $0 | $96.1m | $96.1m | 29.2% | 3 | Aug 31, 2025 |
| 41 | IFLN | Invesco Bloomberg Enhanced Fallen Angels ETF | Bonds | $0 | $92.0m | $92.0m | 32.7% | 5 | Aug 31, 2025 |
| 42 | MGC | Vanguard Morningstar Mega Cap ETF | U.S. stocks | $88.2m | $0 | $88.2m | 5.7% | 11 | Aug 31, 2025 |
| 43 | USMC | Principal U.S. Mega-Cap ETF | U.S. stocks | $78.0m | $4.2m | $82.2m | 4.4% | 7 | Jun 30, 2026 |
| 44 | VONG | Vanguard Russell 1000 Growth ETF | U.S. stocks | $56.9m | $23.5m | $80.4m | 0.6% | 12 | Aug 31, 2025 |
| 45 | BBUS | JPMorgan BetaBuilders U.S. Equity ETF | U.S. stocks | $80.1m | $0 | $80.1m | 4.9% | 5 | Oct 31, 2025 |
| 46 | DFIC | Dimensional International Core Equity 2 ETF | International stocks | $79.8m | $0 | $79.8m | 3.6% | 6 | Oct 31, 2025 |
| 47 | VTHR | Vanguard Russell 3000 ETF | U.S. stocks | $70.7m | $0 | $70.7m | 6.0% | 7 | Aug 31, 2025 |
| 48 | BSMR | Invesco BulletShares 2027 Municipal Bond ETF | Bonds | $70.5m | $0 | $70.5m | 69.7% | 3 | Aug 31, 2025 |
| 49 | SCHX | Schwab U.S. Large-Cap ETF | U.S. stocks | $0 | $66.9m | $66.9m | 0.6% | 12 | Aug 31, 2025 |
| 50 | BSCT | Invesco BulletShares 2029 Corporate Bond ETF | Bonds | $64.1m | $0 | $64.1m | 5.6% | 7 | Aug 31, 2025 |
| 51 | BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | Bonds | $57.0m | $0 | $57.0m | 5.1% | 4 | Feb 28, 2026 |
| 52 | IWB | iShares Russell 1000 ETF | U.S. stocks | $0 | $56.7m | $56.7m | 0.2% | 15 | Mar 31, 2026 |
| 53 | VFVA | Vanguard U.S. Value Factor ETF | U.S. stocks | $25.6m | $29.2m | $54.8m | 9.8% | 8 | Nov 30, 2025 |
| 54 | DSI | iShares ESG MSCI KLD 400 ETF | U.S. stocks | $13.4m | $40.7m | $54.1m | 6.9% | 7 | Apr 30, 2026 |
| 55 | JMST | JPMorgan Ultra-Short Municipal Income ETF | Bonds | $53.5m | $0 | $53.5m | 1.2% | 8 | Feb 28, 2026 |
| 56 | BSMS | Invesco BulletShares 2028 Municipal Bond ETF | Bonds | $51.1m | $0 | $51.1m | 55.0% | 4 | Aug 31, 2025 |
| 57 | VGMS | Vanguard Multi-Sector Income Bond ETF | Bonds | $25.1m | $25.8m | $50.9m | 31.4% | 5 | Sep 30, 2025 |
| 58 | SPLV | Invesco S&P 500 Low Volatility ETF | U.S. stocks | $0 | $48.3m | $48.3m | 0.5% | 13 | Aug 31, 2025 |
| 59 | BSMT | Invesco BulletShares 2029 Municipal Bond ETF | Bonds | $45.8m | $0 | $45.8m | 57.1% | 5 | Aug 31, 2025 |
| 60 | BSMQ | Invesco BulletShares 2026 Municipal Bond ETF | Bonds | $44.8m | $0 | $44.8m | 59.4% | 4 | Aug 31, 2025 |
| 61 | BSMU | Invesco BulletShares 2030 Municipal Bond ETF | Bonds | $43.4m | $0 | $43.4m | 66.5% | 4 | Aug 31, 2025 |
| 62 | TLT | iShares 20+ Year Treasury Bond ETF | Bonds | $43.2m | $0 | $43.2m | 0.0% | 12 | Feb 28, 2026 |
| 63 | XLG | Invesco S&P 500 Top 50 ETF | U.S. stocks | $15.3m | $27.7m | $43.0m | 0.9% | 10 | Apr 30, 2026 |
| 64 | VCIT | Vanguard Intermediate-Term Corporate Bond ETF | Bonds | $41.5m | $0 | $41.5m | 0.1% | 11 | Aug 31, 2025 |
| 65 | XMMO | Invesco S&P MidCap Momentum ETF | U.S. stocks | $40.9m | $0 | $40.9m | 0.7% | 13 | Apr 30, 2026 |
| 66 | VTC | Vanguard Total Corporate Bond ETF | Bonds | $38.8m | $0 | $38.8m | 7.7% | 6 | Aug 31, 2025 |
| 67 | SPHQ | Invesco S&P 500 Quality ETF | U.S. stocks | $38.5m | $0 | $38.5m | 0.3% | 12 | Apr 30, 2026 |
| 68 | FLMI | Franklin Dynamic Municipal Bond ETF | Bonds | $36.1m | $0 | $36.1m | 2.6% | 8 | Mar 31, 2026 |
| 69 | JMUB | JPMorgan Municipal ETF | Bonds | $35.2m | $0 | $35.2m | 1.3% | 8 | Feb 28, 2026 |
| 70 | LRGF | iShares U.S. Equity Factor ETF | U.S. stocks | $34.6m | $0 | $34.6m | 4.4% | 9 | Jul 31, 2025 |
| 71 | IUSG | iShares Core S&P U.S. Growth ETF | U.S. stocks | $0 | $33.5m | $33.5m | 0.4% | 9 | Mar 31, 2026 |
| 72 | DFEM | Dimensional Emerging Markets Core Equity 2 ETF | International stocks | $32.6m | $0 | $32.6m | 2.8% | 8 | Oct 31, 2025 |
| 73 | BSCR | Invesco BulletShares 2027 Corporate Bond ETF | Bonds | $32.3m | $0 | $32.3m | 1.7% | 6 | Aug 31, 2025 |
| 74 | DFNM | Dimensional National Municipal Bond ETF | Bonds | $28.7m | $0 | $28.7m | 6.2% | 6 | Oct 31, 2025 |
| 75 | SCHH | Schwab U.S. REIT ETF | Sector stocks | $0 | $28.5m | $28.5m | 0.9% | 11 | Feb 28, 2026 |
| 76 | BSCU | Invesco BulletShares 2030 Corporate Bond ETF | Bonds | $27.4m | $0 | $27.4m | 2.8% | 7 | Aug 31, 2025 |
| 77 | MMMA | NYLIM MacKay Muni Allocation ETF | Bonds | $25.0m | $0 | $25.0m | 71.2% | 3 | Apr 30, 2026 |
| 78 | MMSD | NYLIM MacKay Muni Short Duration ETF | Bonds | $25.0m | $0 | $25.0m | 39.6% | 6 | Apr 30, 2026 |
| 79 | VUSB | Vanguard Ultra-Short Bond ETF | Bonds | $0 | $24.9m | $24.9m | 0.7% | 7 | Dec 31, 2025 |
| 80 | BSMW | Invesco BulletShares 2032 Municipal Bond ETF | Bonds | $24.8m | $0 | $24.8m | 58.7% | 4 | Aug 31, 2025 |
| 81 | VRP | Invesco Variable Rate Preferred ETF | Bonds | $24.4m | $0 | $24.4m | 5.0% | 6 | Aug 31, 2025 |
| 82 | BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | U.S. stocks | $23.4m | $0 | $23.4m | 1.7% | 7 | Oct 31, 2025 |
| 83 | GSST | Goldman Sachs Ultra Short Bond ETF | Bonds | $10.1m | $12.6m | $22.7m | 2.0% | 4 | Aug 31, 2025 |
| 84 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | Bonds | $22.3m | $0 | $22.3m | 0.0% | 11 | Feb 28, 2026 |
| 85 | BSCV | Invesco BulletShares 2031 Corporate Bond ETF | Bonds | $21.9m | $0 | $21.9m | 3.0% | 7 | Aug 31, 2025 |
| 86 | FLCB | Franklin U.S. Core Bond ETF | Bonds | $0 | $21.9m | $21.9m | 2.2% | 5 | Mar 31, 2026 |
| 87 | IUSV | iShares Core S&P U.S. Value ETF | U.S. stocks | $0 | $20.8m | $20.8m | 0.2% | 10 | Mar 31, 2026 |
| 88 | BSMV | Invesco BulletShares 2031 Municipal Bond ETF | Bonds | $20.8m | $0 | $20.8m | 49.9% | 4 | Aug 31, 2025 |
| 89 | IVE | iShares S&P 500 Value ETF | U.S. stocks | $20.6m | $0 | $20.6m | 0.1% | 13 | Mar 31, 2026 |
| 90 | BSMY | Invesco BulletShares 2034 Municipal Bond ETF | Bonds | $19.1m | $0 | $19.1m | 33.3% | 4 | Aug 31, 2025 |
| 91 | MEAR | iShares Short Maturity Municipal Bond Active ETF | Bonds | $17.6m | $0 | $17.6m | 2.6% | 8 | Oct 31, 2025 |
| 92 | DFUS | Dimensional U.S. Equity Market ETF | U.S. stocks | $0 | $17.3m | $17.3m | 0.3% | 10 | Oct 31, 2025 |
| 93 | PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | Sector stocks | $10.0m | $7.2m | $17.2m | 26.4% | 5 | Oct 31, 2025 |
| 94 | VIG | Vanguard Div Appreciation ETF | U.S. stocks | $0 | $15.5m | $15.5m | 0.1% | 12 | Jan 31, 2026 |
| 95 | GTOC | Invesco Core Fixed Income ETF | Bonds | $15.0m | $0 | $15.0m | 8.5% | 2 | Oct 31, 2025 |
| 96 | INTM | Invesco Intermediate Municipal ETF | Bonds | $15.0m | $0 | $15.0m | 26.8% | 5 | Oct 31, 2025 |
| 97 | GBND | Goldman Sachs Core Bond ETF | Bonds | $13.8m | $0 | $13.8m | 68.8% | 2 | Aug 31, 2025 |
| 98 | VGLT | Vanguard Long-Term Treasury ETF | Bonds | $0 | $13.6m | $13.6m | 0.1% | 8 | Aug 31, 2025 |
| 99 | DSCO | DoubleLine Securitized Credit ETF | Bonds | $13.0m | $0 | $13.0m | 56.5% | 3 | Mar 31, 2026 |
| 100 | BSSX | Invesco BulletShares 2033 Municipal Bond ETF | Bonds | $12.6m | $0 | $12.6m | 29.1% | 4 | Aug 31, 2025 |
ETFs where BNY Mellon Capital Markets was the only active AP
In 2 ETFs, BNY Mellon Capital Markets, LLC was the one AP that created or redeemed shares in the period.
| # | Ticker | Fund | Created | Redeemed | APs listed | Period ending |
|---|---|---|---|---|---|---|
| 1 | QQHG | Invesco QQQ Hedged Advantage ETF | $10.0m | $0 | 39 | Oct 31, 2025 |
| 2 | BSJX | Invesco BulletShares 2033 High Yield Corporate Bond ETF | $5.0m | $0 | 28 | Aug 31, 2025 |
BNY Mellon Capital Markets by category
The ETFs BNY Mellon Capital Markets, LLC serves, by the category each is placed in, with what it created and redeemed in each.
| # | Category | Share of its dollars | ETFs served | Active in | Created | Redeemed | Only active AP in |
|---|---|---|---|---|---|---|---|
| 1 | U.S. stocks | 36.3% | 392 | 53 | $3.7bn | $2.8bn | 1 |
| 2 | International stocks | 10.9% | 292 | 10 | $1.2bn | $751m | 0 |
| 3 | Sector stocks | 4.0% | 102 | 5 | $55.2m | $660m | 0 |
| 4 | Bonds | 46.2% | 402 | 75 | $6.0bn | $2.2bn | 1 |
| 5 | Commodities | 0.0% | 10 | 0 | $0 | $0 | 0 |
| 6 | Allocation | 0.0% | 13 | 0 | $0 | $0 | 0 |
| 7 | Buffer | 0.0% | 4 | 0 | $0 | $0 | 0 |
| 8 | Income | 0.0% | 23 | 0 | $0 | $0 | 0 |
| 9 | Themes | 2.6% | 98 | 3 | $415m | $41.0m | 0 |
| 10 | Leverage | 0.0% | 100 | 0 | $0 | $0 | 0 |
| 11 | Crypto | 0.0% | 3 | 0 | $0 | $0 | 0 |
| 12 | Alternatives | 0.1% | 22 | 1 | $10.0m | $0 | 0 |
Questions people ask
Is BNY Mellon Capital Markets an ETF authorized participant (AP)?
Which ETFs does BNY Mellon Capital Markets create and redeem the most?
How much of an ETF’s AP activity does BNY Mellon Capital Markets handle?
Where do these figures come from?
Method
BNY Mellon Capital Markets, LLC is identified by CRD 17454, SEC file number 8-35255, LEI VJW2DOOHGDT6PR0ZRO63. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as BNY MELLON CAPITAL MARKETS, LLC. Funds filed its name 8 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there.
The rest of the method
A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A list of firms is not a rating or a recommendation.
Questions people ask
Is BNY Mellon Capital Markets an ETF authorized participant (AP)?
Yes. BNY Mellon Capital Markets, LLC is listed as an AP for 1,461 US ETFs in Form N-CEN periods ending Aug 31, 2024 to Jun 30, 2026, and created or redeemed shares in 147 of them.
Which ETFs does BNY Mellon Capital Markets create and redeem the most?
By dollars created and redeemed: VTEB, $2.3bn; JIRE, $1.3bn; PZA, $1.2bn; IVV, $1.2bn; VOO, $703m.
How much of an ETF’s AP activity does BNY Mellon Capital Markets handle?
Across the 147 funds it was active in, its share of each fund’s AP dollars ran from 0.0% to 100.0%. It was the only active AP in 2 ETFs.
Where do these figures come from?
From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by BNY Mellon Capital Markets’s CRD, SEC file number and LEI, never by the name as typed.
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ETFIQ, BNY Mellon Capital Markets, LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/bny-mellon-capital-markets/
ETFIQ. (Sep 23, 2026). BNY Mellon Capital Markets, LLC as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/bny-mellon-capital-markets/
[BNY Mellon Capital Markets, LLC as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/bny-mellon-capital-markets/)
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