SCHEDULE 13G: Truist Financial Discloses 25.8% Passive Stake in Macquarie ETF Trust

Truist Financial Corporation, through its advisory services, has reported a significant passive beneficial ownership of 25.8% in Macquarie ETF Trust as of May 31, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed a Schedule 13G.
• The filing discloses beneficial ownership of 96,586 shares of Exchange Traded Fund securities issued by Macquarie ETF Trust.
• This aggregate amount represents 25.8% of the class of securities.
• Truist Financial Corporation holds sole dispositive power over all 96,586 shares, with no sole or shared voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a 13G is a factual disclosure, a significant institutional stake can be viewed positively as it indicates confidence from a major financial player. There are no negative implications presented in the filing itself.

Positives

• The disclosure indicates a significant institutional investment by Truist Financial Corporation in Macquarie ETF Trust, potentially signaling confidence in the ETF.
• For Truist, it represents a substantial asset under management within its advisory services.

Risks

• The document explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11. This certification addresses the potential risk of activist investor involvement.

Future Outlook

The document is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding the issuer's or reporting person's future operations or financial performance.

Management Comments

• Edward M. Kwiatkowski, Vice President of Truist Financial Corp, certified that the information set forth in the statement is true, complete, and correct to the best of his knowledge and belief.

Industry Context

This filing reflects a common practice where large financial institutions, through their investment advisory arms, acquire significant passive stakes in Exchange Traded Funds (ETFs) as part of their asset management and client portfolio strategies. Such disclosures provide transparency into institutional holdings within the ETF market.

Stakeholder Impact

• Shareholders of Macquarie ETF Trust will be informed of a significant institutional investor, Truist Financial Corporation, holding a substantial passive stake in the fund.
• This disclosure provides transparency regarding the ownership structure of the ETF.

Key Dates

Keywords

Truist Financial Corporation, Macquarie ETF Trust, Schedule 13G, Beneficial Ownership, Exchange Traded Fund, ETF, Passive Investment, Institutional Investor, Financial Services, Investment Advisor