SCHEDULE 13G/A: Truist Financial Corporation Discloses 7.18% Beneficial Ownership in Tidal ETF Trust

Truist Financial Corporation, through its subsidiary Truist Advisory Services, Inc., has reported a 7.18% beneficial ownership stake in Tidal ETF Trust's Exchange Traded Fund as of December 31, 2024.

Summary

• Truist Financial Corporation, as the Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 1 to Schedule 13G.
• The filing discloses beneficial ownership of 153,614.74 shares of Tidal ETF Trust's Exchange Traded Fund (CUSIP: 886364637).
• This ownership represents 7.18% of the class of securities.
• Truist Financial Corporation holds sole voting power and sole dispositive power over all 153,614.74 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without indicating positive or negative performance or strategic shifts.

Positives

• The disclosure of a significant stake by a major financial institution like Truist Financial Corporation may signal confidence in the Tidal ETF Trust's Exchange Traded Fund or its underlying investment strategy.

Future Outlook

NA

Industry Context

This filing is a routine regulatory disclosure for institutional investors holding more than 5% of a company's shares, providing transparency on significant ownership stakes within the Exchange Traded Fund market.

Stakeholder Impact

• Shareholders of Tidal ETF Trust: Provides transparency regarding a significant institutional holder's stake in the fund.

Key Dates

Keywords

Tidal ETF Trust, Truist Financial Corporation, Schedule 13G, beneficial ownership, Exchange Traded Fund, ETF, investment advisor, financial services