Truist Financial Corp Reduces Stock Position in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR)

Truist Financial Corp decreased its position in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,253 shares of the company’s stock after selling 703 shares during the quarter. Truist Financial Corp owned approximately 3.48% of AdvisorShares Dorsey Wright ADR ETF worth $882,000 at the end of the most recent quarter.

Separately, Strategy Asset Managers LLC increased its holdings in AdvisorShares Dorsey Wright ADR ETF by 4.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 5,419 shares of the company’s stock valued at $335,000 after purchasing an additional 210 shares during the period.

AdvisorShares Dorsey Wright ADR ETF Price Performance

AADR opened at $65.29 on Tuesday. AdvisorShares Dorsey Wright ADR ETF has a one year low of $46.37 and a one year high of $65.40. The business has a 50 day simple moving average of $62.35 and a two-hundred day simple moving average of $62.37. The firm has a market capitalization of $25.46 million, a price-to-earnings ratio of 14.38 and a beta of 0.99.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Monday, September 23rd.

AdvisorShares Dorsey Wright ADR ETF Profile

The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.