Truist (NYSE: TFC) holds 1,119,138 shares of Victory Portfolios II ETF
Rhea-AI Filing Summary
Truist Financial Corporation, as parent of Truist Advisory Services, reports beneficial ownership of 1,119,138 shares of Victory Portfolios II, an exchange traded fund. This position represents 7.363% of the fund’s outstanding shares, indicating that Truist is a significant institutional holder.
Truist reports no sole or shared voting power over these shares, but has sole dispositive power to sell or otherwise dispose of the 1,119,138 shares. The position is certified as being held in the ordinary course of business and not with the purpose or effect of changing or influencing control of the fund.
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FAQ
What stake does Truist Financial (TFC) report in Victory Portfolios II?
Truist Financial reports beneficial ownership of 1,119,138 shares of Victory Portfolios II, representing 7.363% of the fund’s outstanding shares.
How does Truist Financial hold its Victory Portfolios II position?
The position is reported by Truist Financial Corporation as parent holding company for Truist Advisory Services, Inc., an affiliated registered investment adviser.
Is Truist’s ownership in Victory Portfolios II intended to influence control?
Truist certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Victory Portfolios II.
What type of security in Victory Portfolios II does Truist hold?
Truist’s reported position is in an exchange traded fund class of Victory Portfolios II, identified by CUSIP 92647P126.