Summary by Futu AI
Sumitomo Mitsui Trust Group, Inc. (SMTG), a Japanese financial institution, has filed a Schedule 13G with the United States Securities and Exchange Commission on November 5, 2024, indicating a significant ownership stake in Roku Inc. The filing reveals that SMTG has acquired a total of 6,451,262 shares of Roku Inc.'s Class A Common Stock, which represents 5.06% of the class. This ownership level necessitates the filing of the Schedule 13G, which is used to report ownership of stock in U.S. companies by certain institutional investors. The shares are reported to be held with shared voting and dispositive power, and the filing asserts that the acquisition is for investment purposes and not with the intent to change or influence the control of Roku Inc. The filing also notes that as of October 1, 2024, Sumitomo Mitsui Trust Holdings has changed its company name to Sumitomo Mitsui Trust Group, Inc.