TCW Transform 500 ETF (BATS:VOTE) Sets New 12-Month High – What’s Next?

TCW Transform 500 ETF (BATS:VOTE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.26 and last traded at $85.26, with a volume of 10753 shares. The stock had previously closed at $84.45.

TCW Transform 500 ETF Price Performance

The company has a 50-day simple moving average of $79.74 and a 200-day simple moving average of $80.02. The stock has a market cap of $955.50 million, a PE ratio of 25.32 and a beta of 1.02.

TCW Transform 500 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 24th were given a $0.1733 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of TCW Transform 500 ETF in the third quarter valued at $31,000. SHP Wealth Management purchased a new position in shares of TCW Transform 500 ETF in the fourth quarter valued at $52,000. Rossby Financial LCC increased its position in shares of TCW Transform 500 ETF by 122.9% in the third quarter. Rossby Financial LCC now owns 1,108 shares of the company’s stock valued at $87,000 after buying an additional 611 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new position in shares of TCW Transform 500 ETF in the fourth quarter valued at $87,000. Finally, AdvisorNet Financial Inc increased its position in shares of TCW Transform 500 ETF by 23.1% in the first quarter. AdvisorNet Financial Inc now owns 1,421 shares of the company’s stock valued at $108,000 after buying an additional 267 shares in the last quarter.

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.