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TFC Files Schedule 13G/A Showing 2,877 Shares in Crossmark ETF

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Truist Financial Corporation filed an amended Schedule 13G reporting ownership of 2,877 shares of the Crossmark ETF Trust Exchange Traded Fund (CUSIP 22767F103). The holdings represent 0.46% of the class and are held with sole dispositive power while Truist reports no voting power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing lists Truist as the parent holding company for Truist Advisory Services, Inc., and is certified by Edward M. Kwiatkowski, Vice President, dated 10/06/2025.

Positive

  • Clear passive ownership assertion stating holdings were acquired in the ordinary course of business
  • Complete disclosure of dispositive and voting powers with specific share and percentage metrics

Negative

  • No voting power reported, so limited ability to influence issuer matters
  • Small economic stake at 0.46%, unlikely to be strategically material

Insights

Small passive stake by a bank-affiliated advisor; non-control position.

The filing shows a 0.46% position of 2,877 shares held with sole dispositive power but no voting power, indicating control over disposition but not voting influence. Classification as an IA and HC reflects the reporting structure through a parent holding company and affiliated registered adviser.

Dependence on ordinary-course acquisition language suggests this is a portfolio or client-advised holding rather than an activist stake; monitor for material increases above 5% which would trigger additional disclosure or different filing status.

Filing meets passive-ownership certifications required under Rule 13d-1.

The statement includes the required certification that the securities "were acquired and are held in the ordinary course of business" and not with the purpose of influencing control, aligning with passive Schedule 13G treatment. The document also identifies the reporting chain: Truist Financial Corp as parent holding company and Truist Advisory Services, Inc. as the affiliated adviser.

For regulatory monitoring, confirm future filings if ownership crosses the 5% threshold or if voting/dispositive powers change; current data shows no such triggers.






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





SCHEDULE 13G



TRUIST FINANCIAL CORP
Signature:Edward M. Kwiatkowski
Name/Title:Vice President
Date:10/06/2025

FAQ

What stake does Truist Financial (TFC) hold in Crossmark ETF Trust?

Truist Financial Corporation reports holding 2,877 shares, representing 0.46% of the class.

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

No. The filing reports 0 sole and 0 shared voting power, while reporting sole dispositive power for 2,877 shares.

Is this position held for control or activist purposes?

The filing certifies the shares were acquired and are held in the ordinary course of business and not to influence control, consistent with passive ownership under Schedule 13G.

Who filed the Schedule 13G/A for TFC?

The filing was made by Truist Financial Corporation as parent holding company for Truist Advisory Services, Inc., signed by Edward M. Kwiatkowski, Vice President, dated 10/06/2025.

Will Truist need to file a different form if ownership increases?

Yes. If ownership exceeds 5% of the class or the purpose of ownership changes, different disclosure requirements would apply and additional filings would be required.
Truist Finl Corp

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