SCHEDULE: Truist Financial Amends 13G Filing, Confirms Zero Ownership in Listed Funds Trust ETFs Post-Liquidation
Beneficial Ownership Disclosure
Truist Financial Corporation filed an amended Schedule 13G, reporting 0% beneficial ownership in Listed Funds Trust's Exchange Traded Funds, following the liquidation of the CUSIP on September 13, 2024, and correcting a past filing omission.
Summary
- Truist Financial Corporation, as a Parent Holding Company for Truist Advisory Services, Inc., filed an amended Schedule 13G.
- The filing reports 0.00 shares beneficially owned, representing 0.0% of the class of Exchange Traded Funds issued by Listed Funds Trust.
- The CUSIP (53656G522) related to these securities was liquidated on September 13, 2024.
- The filing is part of an internal effort to remediate filings not previously submitted, specifically noting that a filing for less than 5% ownership should have been submitted in 2024.
Sentiment
Score: 5
Explanation: The filing is a routine compliance update, correcting a past omission regarding beneficial ownership, with no direct positive or negative financial implications for the reporting entity's current operations.
Risks
- Past internal control weakness identified regarding timely submission of required SEC filings, specifically a Schedule 13G for ownership below 5% that should have been filed in 2024.
Future Outlook
No forward-looking statements or guidance are provided.
Management Comments
- Filing completed as part of internal effort to remediate filings not previously submitted.
- Current ownership is less than 5% and CUSIP was liquidated on 9/13/2024.
- Filing of less than 5% should have been submitted in 2024.
Industry Context
This is a routine compliance filing for a financial institution, indicating a past divestment or liquidation of a specific Exchange Traded Fund holding. It reflects standard regulatory disclosure practices for investment advisers and parent holding companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Remediation | The filing represents a remediation effort for a past compliance oversight, indicating an internal review and correction of reporting procedures related to beneficial ownership disclosures. | 07/02/2025 | Enhances transparency and addresses past reporting deficiencies, reinforcing adherence to SEC regulations. |
Stakeholder Impact
- Primarily impacts regulatory bodies (SEC) by providing updated and corrected beneficial ownership information.
- Provides transparency to investors regarding Truist Financial Corporation's holdings in Listed Funds Trust ETFs, confirming the liquidation of a specific CUSIP.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | CUSIP 53656G522 was liquidated. |
| 2024 | Year when a filing for less than 5% ownership should have been submitted. |
| 06/30/2025 | Date of event which requires filing of this statement. |
| 07/02/2025 | Signature date of the Schedule 13G Amendment No. 1 filing. |
Keywords
Truist Financial, Listed Funds Trust, Schedule 13G, SEC filing, beneficial ownership, exchange traded funds, ETF, CUSIP, liquidation, compliance, investment adviser, holding company
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