Cabot Wealth Management Inc. Acquires New Holdings in Touchstone Dynamic International ETF $TDI

Cabot Wealth Management Inc. acquired a new position in shares of Touchstone Dynamic International ETF (NASDAQ:TDI) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 44,935 shares of the company’s stock, valued at approximately $2,109,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new stake in Touchstone Dynamic International ETF in the 2nd quarter valued at approximately $7,014,000. Trilogy Capital Inc. acquired a new position in Touchstone Dynamic International ETF during the second quarter worth $3,143,000. Citadel Advisors LLC acquired a new position in Touchstone Dynamic International ETF during the second quarter worth $5,176,000. Atlas Wealth LLC acquired a new position in Touchstone Dynamic International ETF during the first quarter worth $530,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Touchstone Dynamic International ETF during the third quarter worth $1,120,000.

Touchstone Dynamic International ETF Stock Up 1.2%

TDI opened at $44.66 on Thursday. Touchstone Dynamic International ETF has a 52 week low of $36.42 and a 52 week high of $47.90. The business has a fifty day simple moving average of $46.16 and a 200-day simple moving average of $44.67. The firm has a market cap of $538.15 million, a P/E ratio of 13.97 and a beta of 0.67.

Touchstone Dynamic International ETF declared that its board has initiated a stock buyback program on Friday, November 6th that permits the company to buy back $250 million in outstanding shares. This buyback authorization permits the company to buy up to 48.7% of its stock through open market purchases. Share buyback programs are often a sign 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.