TFC files Schedule 13G/A showing 10,381-share, 8.65% position

Rhea-AI Filing Summary

Truist Financial Corporation filed an Amendment to Schedule 13G reporting beneficial ownership of 10,381 shares of the J.P. Morgan Exchange-Traded Fund Trust series (CUSIP 46654Q674), representing 8.65% (8.65%) of the class as of the 09/30/2025 event date. The filing states Truist has sole dispositive power over the 10,381 shares but no sole or shared voting power. The filing certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of influencing control. The statement is made by Truist as parent holding company for its affiliated registered investment adviser and is signed by a Truist vice president on 10/10/2025.

Positive

• Material disclosed stake of 10,381 shares representing 8.65% shows transparency
• Sole dispositive power clarifies who controls trading decisions for the position
• Certification states holdings are in the ordinary course of business, not for control

Negative

• No voting power reported, so the position does not influence governance
• Concentration risk for this ETF class from a single holder at 8.65% may matter to other large holders

Insights

Corporate Governance Analyst

Large passive stake without voting control signals portfolio holding, not a control intent.

The filing documents an 8.65% beneficial ownership position with sole dispositive but no voting power, indicating the shares are managed for economic exposure rather than governance influence. This is consistent with holdings by an asset manager or related advisor structure.

Key dependencies include whether the position is held on behalf of clients or proprietary accounts and any future changes to voting arrangements; monitor filings for amendments that add voting power or group members within the next reporting cycle.

Investment Ownership Specialist

Position size is material for the ETF class but operationally passive.

An 8.65% stake is above the 5% disclosure threshold and is large enough to be market-visible, yet the lack of voting power suggests dispositional control only, typically reflecting trading or advisory custody arrangements. The certification that holdings are in the ordinary course reduces likelihood of an active control campaign.

Watch for subsequent Schedule filings that disclose changes in voting power, aggregation with related parties, or notices of intent to nominate directors within a 90-day window; such changes would alter investor impact materially.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

J.P. Morgan Exchange-Traded Fund Trust

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

46654Q674

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46654Q674

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,381.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,381.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

IA, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: J.P. Morgan Exchange-Traded Fund Trust
(b)	Address of issuer's principal executive offices: 277 PARK AVENUE, 277 PARK AVENUE, NEW YORK, NEW YORK, 10172.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for Truist Advisory Services, Inc. an affiliated Registered Investment Advisor
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charlotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina Corporation; Truist Advisory Services, Inc. is a Delaware Corporation
(d)	Title of class of securities: Exchange Traded Fund
(e)	CUSIP No.: 46654Q674
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10381
(b)	Percent of class: 8.65 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10381
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Edward M. Kwiatkowski
Name/Title:	Vice President
Date:	10/10/2025

FAQ

What stake did Truist Financial (TFC) report in the J.P. Morgan ETF (CUSIP 46654Q674)?

Truist reported beneficial ownership of 10,381 shares, representing 8.65% of the class.

Does Truist (TFC) have voting control over the reported shares?

No. The filing states Truist has 0 sole voting power and 0 shared voting power over the shares.

What kind of power does Truist claim over the shares?

Truist reports sole dispositive power for all 10,381 shares, meaning it can direct sales but not votes.

Was the position held to influence control of the issuer?

The filing includes a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control.

Who signed the Schedule 13G/A for Truist and when?

The filing is signed by Edward M. Kwiatkowski, Vice President, dated 10/10/2025.