Truist (TFC) holds 25.67% of Pacer ETF after Amendment No.3
Rhea-AI Filing Summary
Truist Financial Corporation amended its Schedule 13G/A to report beneficial ownership of 243,885 shares of an exchange traded fund issued by Pacer Funds Trust. The filing states this represents 25.67% of the class and that Truist has sole dispositive power for 243,885 shares, with no voting power disclosed.
The filing is signed by a Truist vice president and dated 05/06/2026; the issuer CUSIP is 69374H238.
Positive
- None.
Negative
- None.
Insights
Large passive holding reported: Truist controls 25.67% of the ETF's shares by disposition.
The amendment lists 243,885 shares as beneficially owned with sole dispositive power. The filing indicates voting power is 0, consistent with an investment manager arrangement where trading authority exists without voting authority.
Key dependencies include the ETF's total outstanding share base and whether the stake is held for multiple client accounts; subsequent filings would clarify any changes in voting or disposition authorities.
This Schedule 13G/A amendment documents a passive ownership disclosure under securities rules.
The form names Truist Financial Corporation as the reporting entity and specifies the issuer address and CUSIP 69374H238. The form shows 25.67% ownership, which triggers disclosure obligations under beneficial ownership reporting requirements.
Filing mechanics: the document is an amendment (No. 3) signed 05/06/2026; future amendments would reflect transfers or changes in voting/dispositive arrangements.
Key Figures
Key Terms
Schedule 13G/A regulatory
Beneficially owned financial
Dispositive power regulatory
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