Touchstone Dynamic International ETF (NASDAQ:TDI – Get Free Report) announced that its board has authorized a stock repurchase program on Friday, November 6th, RTT News reports. The company plans to repurchase $250 million in outstanding shares. This buyback authorization allows the company to reacquire up to 48.7% of its shares through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Touchstone Dynamic International ETF Price Performance
Shares of TDI opened at $43.30 on Monday. The stock has a 50 day moving average price of $46.31 and a 200 day moving average price of $44.62. The company 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 has a 52-week low of $36.42 and a 52-week high of $47.90.
Touchstone Dynamic International ETF Company Profile
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.
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