SCHEDULE: Truist Discloses 6.2% Stake in Two Roads ETF

Truist Financial Corporation, through its subsidiary, has reported a 6.2% beneficial ownership stake in an Exchange Traded Fund managed by Two Roads Shared Trust.

Summary

• Truist Financial Corporation, as a Parent Holding Company for Truist Advisory Services, Inc., reported beneficial ownership of 512,411 shares of an Exchange Traded Fund (ETF) issued by Two Roads Shared Trust.
• This ownership represents 6.2% of the class of securities.
• Truist holds sole dispositive power over all 512,411 shares, meaning it can decide to sell or transfer them, but holds no voting power.
• The filing is a Schedule 13G, indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G) and does not contain information that would significantly alter sentiment towards either the issuer or the reporting person. It simply reports a passive investment stake.

Positives

• For Two Roads Shared Trust, the filing indicates a significant institutional investor, Truist Financial Corporation, holds a substantial stake in its Exchange Traded Fund, potentially signaling institutional confidence.
• For Truist Financial Corporation, the filing confirms a routine investment holding in an ETF, consistent with its role as a financial institution and investment advisor.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's performance or the reporting person's future investment intentions beyond the certification that the shares are held in the ordinary course of business.

Management Comments

• "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."

Industry Context

Schedule 13G filings are standard disclosures required when an institutional investor acquires beneficial ownership of more than 5% of a class of a company's voting equity securities, provided they hold the shares for investment purposes and not to influence control. This filing indicates Truist's routine investment activity in an Exchange Traded Fund.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of a passive investment stake. It does not provide performance data or operational metrics that would allow for a comparison to industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• Shareholders of Two Roads Shared Trust's ETF: Provides transparency regarding a significant institutional holder, potentially indicating confidence from a large financial entity.
• Shareholders of Truist Financial Corporation: Confirms routine investment activity by its advisory services arm.

Key Dates

Keywords

Truist Financial Corporation, Two Roads Shared Trust, Exchange Traded Fund, ETF, Schedule 13G, Beneficial Ownership, Institutional Investor, Investment Advisor, 90214Q584