AVDR US LargeCap ESG ETF
AVDG
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 29, 2020
- Similar Companies
- Business
- AVDR US LargeCap ESG ETF (AVDG) is an exchange-traded fund managed by New Age Alpha Advisors LLC that seeks investment results, before fees and expenses, corresponding to the performance of the New Age Alpha U.S. LargeCap ESG Avoider Index, a proprietary benchmark designed to deliver long-term risk-adjusted outperformance relative to the S&P 500 ESG Index by systematically avoiding overpriced large-cap U.S. equities exhibiting human behavioral biases. The fund invests at least 80% of its net assets in component securities of the index, tracking its weightings with a non-diversified approach focused on U.S. large-cap stocks selected for ESG characteristics and probabilistic risk metrics derived from actuarial science, data analytics, and the firm's h-factor methodology. It targets institutional and retail investors seeking alpha generation alongside environmental, social, and governance responsibility in the large-cap equity asset class. New Age Alpha Advisors LLC, founded in 2018 and headquartered at 555 Theodore Fremd Avenue, Suite A101, Rye, New York, serves as the investment adviser, leveraging its quantitative, rules-based strategies across equity styles, fixed income, ESG, and alternatives. The firm offers complementary products including mutual funds, separately managed accounts, indexes, and direct indexing solutions built on the h-factor probability score to identify and mitigate overpriced securities; it operates primarily in the United States with additional presence in South Africa and caters to sophisticated institutional clients, advisors, and pooled vehicles managing over $2.2 billion in assets as of late 2025. In recent developments, New Age Alpha completed the acquisition of Guggenheim Investments' actively managed equity funds business in 2024, incorporating 20 mutual and variable insurance funds totaling approximately $2.5 billion in assets under management to bolster its platform alongside index licensing and alternatives growth. In April 2025, the firm partnered with Ultimus Fund Solutions to transition 18 funds, establishing two new trusts, merging four mutual funds, and enhancing operational efficiency through middle- and back-office services. Although AVDG faced closure and liquidation in July 2022 alongside the AVDR US LargeCap Leading ETF due to low assets, current market data as of December 2025 reflects resumed or sustained trading activity with shares priced around $25.75, a 52-week range of $24.75 to $32.86, and ongoing performance tracking.