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# First Trust Reports 7.2% Passive Stake In Vistance Networks, Mostly Via Unit Trusts
- URL: https://www.bullished.co/first-trust-reports-7-2-passive-stake-in-vistance-networks-mostly-via-unit-trusts-9632a3f7/
- Published: 2026-10-30T14:40:55.000Z
- Updated: 2026-11-05T19:27:46.000Z
- Description: The filing counts 16,599,236 shares across three First Trust entities, and the unit trusts' trustee votes them alongside other holders.
- Author: Matteo Parrino
- Tags: SEC Filings, VISN, Industry: Technology

First Trust Portfolios, First Trust Advisors and The Charger Corporation jointly report owning [16,599,236 shares](https://www.sec.gov/Archives/edgar/data/0001184765/000144554626008247/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) of [Vistance Networks](https://www.bullished.co/tag/visn/), or 7.2% of the common stock, in a passive-ownership Schedule 13G filed Friday. Vistance, which makes network equipment for cable, telephone and satellite operators plus Wi-Fi gear for enterprises, traded at $6.40 in Friday trading, down about 4% from the prior close of $6.69.

## How the stake is held

First Trust Portfolios holds its shares as sponsor of unit investment trusts, which are fixed portfolios sold to investors. First Trust Advisors, an affiliate, supervises the portfolios of those trusts, and The Charger Corporation is the general partner of both First Trust entities.

The filing lists [shared voting power](https://www.sec.gov/Archives/edgar/data/0001184765/000144554626008247/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) over 16,509,878 shares for First Trust Advisors and The Charger Corporation, and no sole voting power. Any gap between the total and the trust holdings sits in other registered funds, pooled vehicles and separately managed accounts that First Trust Advisors manages or sub-advises.

The 7.2% is the cover-page figure under SEC Rule 13d-3, which counts shares a holder could acquire within 60 days, such as through exercisable warrants, options or convertibles. The event date given is September 30, 2026.

## Who votes the shares

The filers say none of them can vote the shares held by the trusts. The trusts' trustee votes them in the same general proportion as shares held by other owners. No single trust sponsored by First Trust Portfolios holds more than 3% of any registered investment company issuer's shares, the filing says.

All three filers certify the shares were bought and are held in the ordinary course of business, not to change or influence control of Vistance. Each also disclaims beneficial ownership of the shares.

## The company behind the ticker

Vistance reports two segments. Aurora, 63.8% of 2025 net revenues, sells cable modem termination systems and video infrastructure, mainly directly to wireline network providers. RUCKUS, 36.2%, sells Wi-Fi access points, switches and network software, mainly through distributors and system integrators.

The company's market value was about $1.5 billion in Friday trading. It is expected to report results for the quarter ended September 2026 on November 5.

Vistance's next scheduled event is its quarterly report on November 5.

Learn

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- [How To Read A Merger Proxy: A Checklist For Shareholders Facing A Vote →](https://www.bullished.co/learn/merger-proxy-statement-how-to-read/)  
Facing a merger vote? Read the proxy in this order: price and payment, vote date and threshold, board background, synergy claims, then closing conditions.

### Sources

- [SCHEDULE 13G — First Trust Portfolios L.P. re: Vistance Networks Inc. (VISN)](https://www.sec.gov/Archives/edgar/data/0001184765/000144554626008247/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) — SEC EDGAR
- [Ribbon Communications (RBBN) Q3 Earnings Top Estimates](https://finance.yahoo.com/markets/stocks/articles/ribbon-communications-rbbn-q3-earnings-212009948.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance

### More on Vistance Networks

- [Vistance Networks Declares $1.50-A-Share Special Distribution, Payable November 6](https://www.bullished.co/vistance-networks-declares-1-50-a-share-special-distribution-payable-november-6-3b392e4e/)

[All Vistance Networks (VISN) coverage →](https://www.bullished.co/tag/visn/)