TFC files Schedule 13G: 35,324 shares equal 5.05% in Calamos ETF
Rhea-AI Filing Summary
Truist Financial Corp reports beneficial ownership of 35,324 shares of an Exchange Traded Fund issued by Calamos ETF Trust, representing 5.05% of the class. The filing shows Truist has sole dispositive power over these shares but no voting power, and states the holdings were acquired and are held in the ordinary course of business rather than to influence control. The form identifies Truist as a parent holding company/registered investment adviser and lists the issuer's principal office in Naperville, Illinois. The filing does not disclose any purchases, sales, or changes in voting control beyond the ownership and power allocations reported.
Positive
- Transparent disclosure of share count and exact 5.05% ownership
- Certification that holdings are held in the ordinary course, reducing apparent control intent
Negative
- No voting power
- Filing lacks transaction history
Insights
Ownership disclosure consistent with Schedule 13G rules; no control intent declared.
The statement reports beneficial ownership of 35,324 shares, equal to
Compliance risk is low given the explicit certification that the position is held in the ordinary course and not for control. Monitor regulatory filings only if future amendments show changes in voting power, material transfers, or shifts above threshold percentages.
A single 5.05% stake signals a modest, potentially strategic ETF holding but not control.
The sole dispositive designation means Truist can direct disposition of the 35,324 shares, while no voting power implies it does not control proxy votes. For portfolio reporting, this distinguishes trading/placement authority from governance influence.
Investors and counterparties may watch for future amendments showing increases above common disclosure thresholds or any transfer of voting authority, which could change the holding's investor impact within a short-to-medium timeframe.