Schedule 13G: Truist Financial crosses 5% in First Trust Small Cap US Equity Select ETF
Rhea-AI Filing Summary
Schedule 13G filing: Truist Financial Corporation, acting as parent holding company for Truist Advisory Services, Inc., reports beneficial ownership in First Trust Exchange-Traded Fund VI (CUSIP 33740F268 – believed to correspond to the First Trust Small Cap US Equity Select ETF, ticker RNSC). As of 30 June 2025 the firm held 173,267 shares, representing 5.02 % of the ETF’s outstanding units.
Ownership details show sole dispositive power over all shares and no voting power, indicating Truist can direct the sale of the units but does not exercise proxy voting. The filing was made under Rule 13d-1(b) as the company qualifies both as an investment adviser (IA) and a parent holding company (HC). The certification affirms the stake is held in the ordinary course of business and not for the purpose of influencing control of the issuer. The document is signed by Assistant Vice President Caroline D. Hoang on 11 July 2025.
Positive
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Negative
- None.
Insights
TL;DR – Truist crosses 5 % threshold in RNSC, discloses 173k shares with sole disposal power and no voting rights; impact is neutral.
Truist’s Schedule 13G is a routine threshold filing triggered when beneficial ownership exceeds 5 %. The disclosure of 173,267 units (5.02 %) in the First Trust Small Cap US Equity Select ETF signals moderate institutional participation but does not convey intent to influence management, as evidenced by zero voting power and ordinary-course language. For Truist, the position is immaterial relative to its balance sheet; for the ETF, concentration risk remains low because ETFs typically have diversified shareholder bases. No financial metrics, cash flows, or strategic changes are provided, so portfolio-level impact is minimal.