SCHEDULE: Truist Financial Reports Zero Beneficial Ownership in ALPS ETF Trust

Truist Financial Corporation has filed an Amendment No. 6 to Schedule 13G, disclosing that it no longer holds any beneficial ownership in ALPS ETF Trust as of June 30, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for its affiliate Truist Advisory Services, Inc., filed an Amendment No. 6 to Schedule 13G.
• The filing indicates that Truist Financial Corporation and its affiliates beneficially own 0 shares, representing 0.0% of the class of Exchange Traded Fund securities issued by ALPS ETF Trust.
• The event requiring this filing occurred on June 30, 2025.
• The amendment clarifies that previous filings in 2021 and 2022 were incorrectly submitted as initial filings instead of amendments, leading to misnumbered prior amendments.

Sentiment

Score: 5

Explanation: The document is a neutral, factual regulatory filing disclosing zero beneficial ownership. It does not contain information that would typically be interpreted as positive or negative for the issuer or the reporting entity's financial performance.

Positives

• The filing provides clear regulatory disclosure, confirming Truist Financial Corporation's current zero beneficial ownership position in ALPS ETF Trust.
• The amendment corrects past administrative errors in filing designations, ensuring an accurate record of regulatory compliance.

Negatives

• No specific negatives are identified in this regulatory disclosure of zero beneficial ownership.

Risks

• No specific risks related to the issuer's operations or the reporting person's financial health are disclosed in this beneficial ownership filing.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the future performance or strategy of ALPS ETF Trust or Truist Financial Corporation. It is a historical disclosure of ownership status.

Management Comments

• "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 is a routine regulatory disclosure for a financial institution like Truist Financial Corporation, a major bank holding company, and its investment advisory arm. Schedule 13G filings are common in the investment industry to report passive beneficial ownership positions in publicly traded securities, ensuring transparency for investors and regulators regarding significant holdings. The amendment clarifies Truist's current non-holding status in a specific ETF.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of beneficial ownership, specifically indicating a 0% holding. It does not contain information that allows for a direct comparison of financial results or operational performance against industry benchmarks or specific comparable companies or projects. The purpose is solely to report a change in ownership status.

Stakeholder Impact

• Shareholders of ALPS ETF Trust are informed that Truist Financial Corporation and its affiliates no longer hold a beneficial ownership stake.
• For Truist Financial Corporation's shareholders, this filing clarifies their investment advisory arm's position regarding this specific ETF.

Key Dates

Keywords

ETF, Schedule 13G, Beneficial Ownership, Truist Financial Corporation, ALPS ETF Trust, Investment Advisor, Regulatory Filing, Exchange Traded Fund