Contango Wealth Management LLC Lowers Stock Holdings in TCW Transform 500 ETF $VOTE

Contango Wealth Management LLC reduced its stake in TCW Transform 500 ETF (BATS:VOTE) by 39.4% during the 1st quarter, Holdings Channel reports. The fund owned 50,174 shares of the company’s stock after selling 32,663 shares during the period. TCW Transform 500 ETF makes up about 4.5% of Contango Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Contango Wealth Management LLC’s holdings in TCW Transform 500 ETF were worth $3,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Transform 500 ETF by 8.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock worth $90,055,000 after acquiring an additional 88,256 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of TCW Transform 500 ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 376,316 shares of the company’s stock worth $24,607,000 after purchasing an additional 3,836 shares during the period. Ethic Inc. increased its stake in shares of TCW Transform 500 ETF by 0.6% during the fourth quarter. Ethic Inc. now owns 365,507 shares of the company’s stock worth $29,322,000 after purchasing an additional 2,286 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of TCW Transform 500 ETF by 0.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 189,410 shares of the company’s stock worth $15,195,000 after purchasing an additional 1,038 shares during the period. Finally, Bank of America Corp DE lifted its holdings in TCW Transform 500 ETF by 5.2% during the 1st quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after purchasing an additional 9,215 shares during the last quarter.

TCW Transform 500 ETF Price Performance

VOTE opened at $87.85 on Monday. The business has a fifty day simple moving average of $87.82 and a 200 day simple moving average of $83.52. The company has a market capitalization of $985.68 million, a PE ratio of 25.32 and a beta of 1.02. TCW Transform 500 ETF has a 1 year low of $72.99 and a 1 year high of $89.56.

TCW Transform 500 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.2242 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.90 annualized dividend and a yield of 1.0%.

TCW Transform 500 ETF Company Profile

The Engine No. 1 Transform 500 ETF (VOTE) is an exchange-traded fund that is based on the Morningstar US Large Cap Select index. The ETF currently has 410.2m in AUM and 505 holdings. VOTE tracks a market-cap-weighted index consisting of large-cap US stocks VOTE was launched on Jun 22, 2021 and is managed by Engine No. 1.