SCHEDULE: Truist Financial Amends SEC Filing to Correct CUSIP for First Trust Dynamic APAC ETF Holding

Truist Financial Corporation has filed an amendment to its Schedule 13G, correcting a typographical error in the CUSIP number for its beneficial ownership in First Trust Dynamic APAC ETF.

Summary

• Truist Financial Corporation, as the Parent Holding Company for BB&T Securities LLC, filed an Amendment No. 1 to its Schedule 13G.
• The primary purpose of the amendment is to correct a typographical error in the CUSIP number, changing it from 33737P509 to 33739P509.
• The filing pertains to beneficial ownership in First Trust Exchange-Traded Fund III, specifically the First Trust Dynamic APAC ETF.
• Truist Financial Corporation beneficially owns an aggregate of 7,991 shares of First Trust Dynamic APAC ETF.
• This ownership represents 5.3% of the class of securities.
• Truist Financial Corporation holds sole voting power over 7,991 shares and sole dispositive power over 7,005 shares.
• 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 sentiment is neutral as the filing is a technical correction of a CUSIP number and does not indicate any material change in the company's financial health or strategic direction. It reflects standard regulatory compliance.

Positives

• The amendment corrects a typographical error, ensuring accuracy in public filings.
• The filing confirms that the securities are held in the ordinary course of business and not for control-influencing purposes.

Negatives

• An initial typographical error in the CUSIP number necessitated the amendment.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the standard certification that the securities are held in the ordinary course of business and not for control purposes.

Management Comments

• "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."

Industry Context

This Schedule 13G amendment is a routine disclosure for institutional investors holding more than 5% of a company's shares. It reflects standard compliance with SEC regulations for reporting significant ownership stakes in publicly traded funds, ensuring transparency in the market.

Stakeholder Impact

• Shareholders: Provides updated and accurate CUSIP information for the First Trust Dynamic APAC ETF, ensuring correct identification of the security.

Key Dates

Keywords

Truist Financial Corporation, First Trust Dynamic APAC ETF, Schedule 13G, SEC filing, beneficial ownership, CUSIP correction, ETF, financial reporting, BB&T Securities LLC