Truist Financial (NYSE: TFC) discloses 9.3% stake in First Trust ETF
Rhea-AI Filing Summary
Truist Financial Corporation filed an amended Schedule 13G reporting its beneficial ownership in First Trust Exchange-Traded Fund VIII. Truist, as parent holding company for Truist Advisory Services, Inc., reports beneficial ownership of 185,167 shares, representing about 9.3% of the fund’s outstanding class as of the event date. Truist has no voting power over these shares but holds sole dispositive power, meaning it can decide when to sell them.
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund. The ownership is reported under the investment adviser classification, with Truist organized in North Carolina and its advisory subsidiary in Delaware.
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