SCHEDULE 13G/A: Truist Financial Corporation Discloses 6.2% Stake in First Trust Exchange-Traded Fund VI

Truist Financial Corporation, through its subsidiary Truist Advisory Services, Inc., has reported a 6.2% beneficial ownership stake in First Trust Exchange-Traded Fund VI as of March 31, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 2 to Schedule 13G.
• The filing reports beneficial ownership of 92,812 shares of First Trust Exchange-Traded Fund VI.
• This ownership represents 6.2% of the class of securities.
• Truist Financial Corporation holds sole voting power and sole dispositive power over all 92,812 shares.
• The CUSIP number for the securities is 33740F391.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a routine regulatory filing.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance.

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 filing represents a standard institutional disclosure of a significant ownership stake in an Exchange Traded Fund (ETF) by a major financial services company. Such holdings are common for investment advisors managing client portfolios, reflecting asset allocation strategies rather than a strategic corporate investment in the underlying company.

Stakeholder Impact

• Shareholders of First Trust Exchange-Traded Fund VI will be informed of a significant institutional holder, Truist Financial Corporation, which may provide a degree of stability or institutional interest in the fund.

Key Dates

Keywords

Truist Financial Corporation, First Trust Exchange-Traded Fund VI, Schedule 13G, beneficial ownership, ETF, investment advisor, institutional ownership