Truist Financial Corp Expands Investment in Dimensional Global Real Estate ETF

On October 16, 2024, it was reported that Truist Financial Corp has increased its stake in the Dimensional Global Real Estate ETF (NYSEARCA:DFGR) by 19.4% during the second quarter of the year. This change was detailed in the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC). Following this move, Truist now holds a total of 23,953 shares of DFGR, after acquiring an additional 3,895 shares in the recent quarter. At the time of the filing, Truist's investment in the ETF was valued at approximately $599,000.

In addition to Truist Financial Corp, various institutional investors have also made modifications to their positions in the Dimensional Global Real Estate ETF. For instance, Forum Financial Management LP increased its ownership of DFGR shares by 1.0% in the first quarter, now possessing 14,084,940 shares valued at $359,589,000 after adding 144,192 shares. Furthermore, JMG Financial Group Ltd. raised its stake by 20.4%, acquiring 3,113,618 shares worth around $77,809,000 following the purchase of an extra 526,660 shares during the second quarter.

Savant Capital LLC made a notable increase, raising its holdings by 38.6%. Now, Savant Capital owns 2,722,904 shares valued at $68,045,000, adding 758,384 shares in the last quarter. Private Ocean LLC also grew its investment by 7.3%, holding 2,180,268 shares priced at approximately $54,485,000 after buying 148,841 additional shares. Brighton Jones LLC raised its holdings by 18.1%, bringing its total to 1,647,569 shares worth $41,173,000 after acquiring 252,171 shares.

Dimensional Global Real Estate ETF Performance

The Dimensional Global Real Estate ETF saw a slight uptick in trading, with shares opening at $28.37. Over the past year, the ETF has experienced a 12-month low of $21.10 and a high of $29.39. Currently, the ETF has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.69, and a beta of 0.94. The 50-day moving average price is $28.09, while the 200-day moving average price stands at $26.10.

About the Dimensional Global Real Estate ETF

The Dimensional Global Real Estate ETF (DFGR) operates as an exchange-traded fund primarily focusing on investments in real estate equity. This actively managed fund seeks to provide a diversified portfolio of both U.S. and international companies engaged predominantly in the broad real estate sector, particularly emphasizing Real Estate Investment Trusts (REITs).

Truist, ETF, Investment