Kestra Private Wealth Services LLC Makes New Investment in Touchstone Dynamic International ETF $TDI

Kestra Private Wealth Services LLC acquired a new position in shares of Touchstone Dynamic International ETF (NASDAQ:TDI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,863 shares of the company’s stock, valued at approximately $1,120,000. Kestra Private Wealth Services LLC owned about 0.20% of Touchstone Dynamic International ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in shares of Touchstone Dynamic International ETF during the 1st quarter valued at about $32,000. NewEdge Advisors LLC raised its stake in shares of Touchstone Dynamic International ETF by 55.4% during the first quarter. NewEdge Advisors LLC now owns 777 shares of the company’s stock worth $32,000 after acquiring an additional 277 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Touchstone Dynamic International ETF in the 1st quarter worth approximately $299,000. Janney Montgomery Scott LLC bought a new stake in shares of Touchstone Dynamic International ETF in the 1st quarter worth approximately $302,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Touchstone Dynamic International ETF in the 1st quarter worth approximately $416,000.

Touchstone Dynamic International ETF Stock Performance

Shares of TDI stock traded up $0.05 on Friday, hitting $43.30. 51,889 shares of the company’s stock traded hands, compared to its average volume of 76,604. Touchstone Dynamic International ETF has a one year low of $36.42 and a one year high of $47.90. The company’s fifty day simple moving average is $46.31 and its 200 day simple moving average is $44.62. The stock has a market capitalization of $513.10 million, a price-to-earnings ratio of 13.97 and a beta of 0.67.

Touchstone Dynamic International ETF announced that its board has authorized a share repurchase plan on Friday, November 6th that authorizes the company to repurchase $250 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 48.7% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Touchstone Dynamic International ETF

The Touchstone Dynamic International ETF (TDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in non-US companies from around the globe selected using a proprietary quantitative model. TDI was launched on Dec 8, 2023 and is issued by Touchstone.