SCHEDULE: Truist Financial Amends iShares ETF Ownership Filing, Correcting Share Count

Truist Financial Corporation has filed an amendment to its Schedule 13G, correcting a duplication error in its reported beneficial ownership of iShares U.S. ETF Trust shares.

Summary

• Truist Financial Corporation, as a parent holding company for Truist Advisory Services, Inc. and Truist Bank, filed an Amendment No. 3 to its Schedule 13G.
• The amendment corrects a duplication of 3,800 shares in the sole voting category and total beneficial ownership reported in a previous Schedule 13G filing made in January 2025.
• As of December 31, 2024, Truist Financial Corporation beneficially owns an aggregate of 506,926.34 shares of iShares U.S. ETF Trust.
• This aggregate amount represents 1.89% of the class of securities.
• The beneficial ownership breakdown includes 499,801.34 shares with sole voting power, 5,414.00 shares with shared voting power, 494,650.34 shares with sole dispositive power, and 12,276.00 shares with shared dispositive power.

Sentiment

Score: 5

Explanation: The document is neutral as it is a factual correction of a regulatory filing, neither indicating positive nor negative operational or financial performance.

Positives

• The filing demonstrates Truist Financial Corporation's commitment to accurate regulatory reporting by promptly correcting a previous error.

Negatives

• A previous filing contained a duplication error of 3,800 shares in the sole voting category and total beneficial ownership, necessitating this amendment.

Risks

• NA

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the issuer or the reporting entity's future plans beyond the factual correction of ownership data.

Management Comments

• Truist Financial Corporation certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine regulatory disclosure by a large financial institution, Truist Financial Corporation, detailing its passive beneficial ownership in an Exchange Traded Fund (ETF). It reflects standard investment activities by institutional investors and does not indicate any specific industry trends or competitive shifts.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders of iShares U.S. ETF Trust may note a minor adjustment in the reported beneficial ownership percentage by Truist Financial Corporation, which is unlikely to have a significant impact.
• Regulatory bodies will note the correction, ensuring the accuracy of public disclosures.

Next Steps

• NA

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Truist Financial Corporation, iShares U.S. ETF Trust, ETF, Amendment, SEC Filing, Investment Advisor, Bank Holding Company