Sagespring Wealth Partners LLC Reduces Position in TCW Transform Systems ETF $PWRD

Sagespring Wealth Partners LLC trimmed its holdings in TCW Transform Systems ETF (NASDAQ:PWRD) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,352,369 shares of the technology company’s stock after selling 307,140 shares during the quarter. TCW Transform Systems ETF comprises approximately 1.8% of Sagespring Wealth Partners LLC’s portfolio, making the stock its 12th biggest position. Sagespring Wealth Partners LLC’s holdings in TCW Transform Systems ETF were worth $226,194,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in TCW Transform Systems ETF during the 2nd quarter valued at about $220,893,000. MAI Capital Management bought a new stake in TCW Transform Systems ETF in the 2nd quarter worth approximately $281,000. Steward Partners Investment Advisory LLC purchased a new stake in TCW Transform Systems ETF during the 2nd quarter valued at $815,000. Lido Advisors LLC purchased a new stake in TCW Transform Systems ETF during the 2nd quarter valued at $939,000. Finally, WCG Wealth Advisors LLC bought a new position in shares of TCW Transform Systems ETF during the 2nd quarter valued at $14,309,000. Hedge funds and other institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Price Performance

PWRD stock opened at $97.03 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of 47.56 and a beta of 1.19. TCW Transform Systems ETF has a 1 year low of $59.38 and a 1 year high of $110.35. The stock’s fifty day moving average price is $102.74 and its 200-day moving average price is $99.24.

About TCW Transform Systems ETF

Perfect World Co, Ltd. is a holding company. The Company, through its subsidiaries, develops and operates online games. It operates in two segments: PRC operations and International operations. The PRC operating segment includes PRC online game business. The International operating segment includes United States online game business, Runic Games and Unknown Worlds. Its portfolio of self-developed online games includes massively multiplayer online role playing games (MMORPGs): Perfect World, Legend of Martial Arts, Perfect World II, Zhu Xian, Chi Bi, Pocketpet Journey West, Battle of the Immortals, Fantasy Zhu Xian, Forsaken World, Empire of the Immortals, Return of the Condor Heroes and Legend of the Condor Heroes, among others.