Why truist Is Trending Today?

Truist Financial Corporation, formerly known as BB&T, has announced its rebranding as Truist. The new name reflects the company's commitment to inspiring and building better lives and communities through modern banking. Truist will operate as the sixth-largest U.S. retail bank, with over $300 billion in assets and a network of more than 2,000 branches. The rebranding comes after the merger of BB&T and SunTrust in December 2019, creating the sixth-largest U.S. bank.

Truist Financial Corp has been actively managing its equity portfolio, with a mix of purchases and sales across various sectors. The company sold shares of Vanguard Mega Cap Growth ETF ($MGK), reducing its holdings in SAP SE ($SAP), and trimming positions in Illinois Tool Works Inc. ($ITW) and Vanguard Financials ETF ($VFH). Truist also acquired shares of Lamar Advertising Company ($LAMR) and increased its holdings in Interactive Brokers Group, Inc. ($IBKR). Additionally, Truist bought shares of VictoryShares Free Cash Flow ETF ($VFLO) and reduced its stock holdings in Target Corporation ($TGT) and Motorola Solutions, Inc. ($MSI). Among other notable transactions, Truist sold shares of Martin Marietta Materials, Inc. ($MLM) and decreased its holdings in TC Energy Corporation ($TRP). Truist's portfolio also includes investments in Pimco Total Return ETF ($BOND), Old Dominion Freight Line, Inc. ($ODFL), and First Trust Low Duration Opportunities ETF ($LMBS). Furthermore, Truist has been adjusting its positions in various ETFs such as Vanguard Real Estate ETF ($VNQ), DuPont de Nemours, Inc. ($DD), and SPDR Portfolio S&P 500 ETF ($SPLG). The company has also made changes to its holdings in Intel Corporation ($INTC), Ross Stores, Inc. ($ROST), and CVS Health Corporation ($CVS). Truist's recent activities also include purchasing shares of Copart, Inc. ($CPRT) and iShares Silver Trust ($SLV), as well as selling shares of iShares GSCI Commodity Dynamic Roll Strategy ETF ($COMT) and JPMorgan U.S. Quality Factor ETF ($JQUA). Truist has also increased its stake in Leidos Holdings, Inc. ($LDOS) and acquired shares of Dimensional World ex U.S. Core Equity 2 ETF ($DFAX). Among other changes, Truist sold shares of Moody’s Corporation ($MCO), SPDR Bloomberg Short Term High Yield Bond ETF ($SJNK), and Workday, Inc. ($WDAY), while purchasing shares of VanEck Semiconductor ETF ($SMH), SPDR Nuveen ICE Municipal Bond ETF ($TFI), and iShares 0-5 Year TIPS Bond ETF ($STIP). Truist's portfolio also includes investments in Energy Transfer LP ($ET) and The Hartford Insurance Group, Inc. ($HIG).