Truist Financial discloses 1.24 M UCON shares in SEC 13G

Rhea-AI Filing Summary

Truist Financial Corporation filed a Schedule 13G disclosing a passive stake in First Trust Exchange-Traded Fund VIII (UCON). As of 30 June 2025, Truist, acting as parent holding company for its registered investment adviser Truist Advisory Services, beneficially owned 1,242,612 shares, equal to 6.24 % of the ETF’s outstanding units (CUSIP 33740F599). The firm reports sole dispositive power over all shares but no voting power, classifying the position as purely investment-driven under Rule 13d-1(b). The certification section confirms the shares were acquired in the ordinary course of business with no intent to influence control. No purchase prices, transaction details, or forward-looking statements are provided. The filing simply elevates UCON’s institutional ownership profile and signals ongoing interest from a large U.S. financial institution, but it carries limited immediate operational or governance implications for the ETF.

Positive

• 6.24 % stake by Truist underscores growing institutional interest in UCON, potentially enhancing liquidity and visibility among investors.

Negative

• None.

Insights

Institutional Ownership Analyst

TL;DR: Truist’s 6.24 % passive stake raises UCON’s institutional ownership, yet offers no governance influence; market impact expected to be modest.

The 13G shows Truist above the 5 % threshold, obligating disclosure. Because the firm claims zero voting power and files under Rule 13d-1(b) as a qualified institutional investor, the stake is passive. For ETF shareholders, the main takeaway is enhanced liquidity support and validation from a major banking group, factors that can aid secondary-market spreads and tracking consistency. However, absent voting authority, Truist cannot influence portfolio strategy or corporate actions of the underlying ETF trust. Overall materiality is limited; the disclosure is more informational than catalytic for price performance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FIRST TRUST EXCHANGE-TRADED FUND VIII

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

33740F599

(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. 33740F599

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 1,242,612.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,242,612.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

HC, IA

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.: 33740F599
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: 1242612
(b)	Percent of class: 6.24 %
(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: 1242612
	(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 own?

Truist reports beneficial ownership of 1,242,612 shares.

What percentage of the UCON ETF does Truist hold?

The holding represents 6.24 % of the fund’s outstanding shares.

Does Truist have voting power over its UCON shares?

No. The filing states 0 shares with voting power; the position is passive.

Why did Truist file a Schedule 13G for UCON?

Ownership exceeded the 5 % threshold, requiring disclosure under Rule 13d-1(b) for qualified institutional investors.

What is the CUSIP number for UCON reported in the filing?

The CUSIP disclosed is 33740F599.