Truist Files 13G/A, Corrects CIK, Holds 173k UCON Shares (5%)

Rhea-AI Filing Summary

Truist Financial Corporation, acting as parent holding company for its registered investment adviser subsidiary Truist Advisory Services, Inc., has filed Amendment No. 1 to a Schedule 13G for First Trust Exchange-Traded Fund VIII (ticker presumed UCON) covering the period ended 30 June 2025.

The filing reports that Truist beneficially owns 173,267 shares of the ETF, representing 5.02 % of the outstanding class. Truist has sole dispositive power over all reported shares but no voting power, indicating a passive, investment-only position made in the ordinary course of business. The ownership level triggers the 5 % reporting threshold under Rule 13d-1(b), appropriate for institutional investors.

This amendment was submitted solely to correct a typographical error in the issuer’s CIK number contained in the original Schedule 13G; there are no changes to share count, percentage ownership or dispositive/voting powers. Truist classifies itself as both an Investment Adviser (IA) and a Holding Company (HC) for reporting purposes.

While the absolute share figure is modest, crossing the 5 % threshold can be viewed as a signal of growing institutional interest in the ETF. However, the lack of voting authority and Truist’s certification that the stake is not intended to influence control reduce the strategic significance of the position.

Positive

• Institutional ownership reaches 5.02 %, signalling increased professional investor interest in the ETF.
• Sole dispositive power over shares suggests Truist can manage liquidity without needing additional approvals.

Negative

• Truist holds zero voting power, limiting any potential influence over fund governance.
• The amendment addresses only a clerical CIK error, providing no new financial or strategic information.

Insights

Securities Analyst

TL;DR Truist owns 5.02 % of UCON passively; amendment only fixes CIK typo—no strategic control implications.

The 13G/A shows Truist’s discretionary arm controlling 173,267 units of First Trust Exchange-Traded Fund VIII. Because voting power is zero, the holding appears to be a portfolio allocation rather than an activist step. Ownership at the 5 % threshold may improve liquidity perception but does not materially alter governance dynamics. The amendment’s lone purpose—correcting an incorrect CIK—confirms that operational details of the stake remain unchanged. Overall market impact is limited and largely informational.

ETF Specialist

TL;DR Passive 5 % stake highlights institutional uptake; no change in ETF strategy or management.

Crossing the 5 % line suggests the ETF is attracting sizeable institutional flows, which can help tighten spreads and stabilise assets under management. Yet Truist’s absence of voting authority means it cannot influence underlying proxy voting of the ETF’s portfolio. Investors should view this as a confirmation of demand rather than a catalyst for structural change. The clerical amendment underscores routine compliance discipline, not a shift in investment thesis.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FIRST TRUST EXCHANGE-TRADED FUND VIII

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

33740F268

(CUSIP Number)

06/30/2025

(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. 33740F268

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 173,267.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

173,267.00

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)

5.0 %

12

Type of Reporting Person (See Instructions)

IA, HC

Comment for Type of Reporting Person: The amendment is being filed solely to correct a typographical error in the Issuer CIK number listed in the original Schedule G filing. The Issuer CIK number listed as 0001552740 (FIRST TR EXCHNG TRADED FD VI) instead of 0001667919 (FIRST TR EXCHNG TRADED FD VIII).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST TRUST EXCHANGE-TRADED FUND VIII
(b)	Address of issuer's principal executive offices: 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON, ILLINOIS, 60187
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.: 33740F268
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: 173,267
(b)	Percent of class: 5.02 %
(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: 173,267
	(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:	Caroline D. Hoang
Name/Title:	Assistant Vice President
Date:	07/14/2025

FAQ

How many UCON shares does Truist Financial Corp report owning?

Truist reports beneficial ownership of 173,267 shares.

What percentage of First Trust Exchange-Traded Fund VIII does this represent?

The stake represents 5.02 % of the outstanding class.

Does Truist have voting power over the ETF shares?

No. Truist reports 0 shares with voting power; it holds only dispositive power.

Why was this Schedule 13G amended?

The amendment corrects a typographical error in the issuer’s CIK number; ownership data is unchanged.

Is Truist’s stake considered passive or activist?

The filing is under Rule 13d-1(b) and includes a certification of passive, ordinary-course investment intent.

What reporting categories does Truist fall under?

Truist is classified as both an Investment Adviser (IA) and a Holding Company (HC).