TCW Transform 500 ETF (BATS:VOTE) Reaches New 12-Month High – Here’s What Happened

TCW Transform 500 ETF (BATS:VOTE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $88.59 and last traded at $88.51, with a volume of 4452 shares. The stock had previously closed at $88.25.

TCW Transform 500 ETF Stock Performance

The company’s fifty day moving average is $82.20 and its 200-day moving average is $80.93. The company has a market capitalization of $996.11 million, a PE ratio of 25.32 and a beta of 1.02.

TCW Transform 500 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were issued a $0.1733 dividend. This represents a $0.69 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On TCW Transform 500 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspiriant LLC increased its holdings in TCW Transform 500 ETF by 23.9% in the 4th quarter. Aspiriant LLC now owns 130,776 shares of the company’s stock worth $10,491,000 after acquiring an additional 25,217 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in TCW Transform 500 ETF in the 3rd quarter worth approximately $62,019,000. PNC Financial Services Group Inc. boosted its stake in TCW Transform 500 ETF by 7.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,089,061 shares of the company’s stock worth $85,470,000 after purchasing an additional 72,474 shares during the period. Gateway Wealth Partners LLC boosted its stake in TCW Transform 500 ETF by 40.2% in the 3rd quarter. Gateway Wealth Partners LLC now owns 47,588 shares of the company’s stock worth $3,735,000 after purchasing an additional 13,633 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in TCW Transform 500 ETF by 10.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 150,886 shares of the company’s stock worth $11,842,000 after purchasing an additional 14,001 shares during the period.

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.