Truist Financial (NYSE: TFC) reports 14.6% holding in Federated Hermes ETF Trust
Rhea-AI Filing Summary
Truist Financial Corporation, as parent of Truist Advisory Services, reports beneficial ownership of 2,406,401 shares of Federated Hermes ETF Trust, representing about 14.6% of this exchange-traded fund class as of January 31, 2026.
Truist reports no sole or shared voting power over these shares, but does have sole dispositive power, meaning it can decide when to sell them. The holding is reported as being acquired and held in the ordinary course of business, without any intent to change or influence control of the ETF issuer.
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FAQ
What stake in Federated Hermes ETF Trust did Truist Financial (TFC) report?
Truist Financial reported beneficial ownership of 2,406,401 shares of Federated Hermes ETF Trust. This position represents about 14.6% of the relevant exchange-traded fund share class as of January 31, 2026, making Truist a significant institutional holder.
Why did Truist Financial (TFC) file a Schedule 13G for Federated Hermes ETF Trust?
Truist Financial filed Schedule 13G because its beneficial ownership in the Federated Hermes ETF Trust exceeded 5%. The filing states the securities were acquired and are held in the ordinary course of business, without any purpose of changing or influencing control of the issuer.
How large is Truist Financial’s (TFC) percentage ownership in Federated Hermes ETF Trust?
Truist Financial reports that its 2,406,401 beneficially owned shares represent approximately 14.6% of the Federated Hermes ETF Trust class. This percentage indicates a sizeable institutional position but is disclosed as a passive investment under Schedule 13G rules.