TCW Transform Systems ETF (NASDAQ:PWRD) Reaches New 52-Week Low – Here’s What Happened

Shares of TCW Transform Systems ETF (NASDAQ:PWRD) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $89.77 and last traded at $91.49, with a volume of 136,313 shares. The stock had previously closed at $95.30.

TCW Transform Systems ETF Trading Down 4.6%

The business has a 50 day moving average of $103.54 and a 200-day moving average of $107.19. The stock has a market cap of $1.32 billion, a PE ratio of 44.62 and a beta of 1.20.

Institutional Investors Weigh In On TCW Transform Systems ETF

A number of hedge funds have recently added to or reduced their stakes in PWRD. Integrated Wealth Concepts LLC acquired a new position in TCW Transform Systems ETF during the second quarter worth $6,916,000. Bank of America Corp DE raised its position in TCW Transform Systems ETF by 153.8% in the first quarter. Bank of America Corp DE now owns 90,559 shares of the technology company’s stock worth $8,854,000 after acquiring an additional 54,876 shares in the last quarter. Private Advisor Group LLC raised its position in TCW Transform Systems ETF by 467.1% in the first quarter. Private Advisor Group LLC now owns 27,471 shares of the technology company’s stock worth $2,686,000 after acquiring an additional 22,627 shares in the last quarter. Procyon Advisors LLC lifted its holdings in TCW Transform Systems ETF by 13.9% in the first quarter. Procyon Advisors LLC now owns 135,106 shares of the technology company’s stock valued at $13,209,000 after acquiring an additional 16,486 shares during the period. Finally, GK Wealth Management LLC acquired a new stake in TCW Transform Systems ETF in the second quarter valued at $854,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

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.