TCW Transform 500 ETF (BATS:VOTE) Hits New 12-Month High – Here’s Why

TCW Transform 500 ETF (BATS:VOTE)’s stock price hit a new 52-week high on Friday . The company traded as high as $88.05 and last traded at $88.05, with a volume of 14858 shares traded. The stock had previously closed at $87.35.

TCW Transform 500 ETF Stock Performance

The stock has a 50-day simple moving average of $81.44 and a two-hundred day simple moving average of $80.70. The firm has a market cap of $987.92 million, a PE ratio of 25.32 and a beta of 1.02.

TCW Transform 500 ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in TCW Transform 500 ETF in the third quarter worth about $31,000. SHP Wealth Management bought a new stake in TCW Transform 500 ETF during the 4th quarter valued at approximately $52,000. Rossby Financial LCC raised its stake in TCW Transform 500 ETF by 122.9% during the 3rd quarter. Rossby Financial LCC now owns 1,108 shares of the company’s stock valued at $87,000 after purchasing an additional 611 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in TCW Transform 500 ETF during the 4th quarter valued at approximately $87,000. Finally, AdvisorNet Financial Inc raised its stake in TCW Transform 500 ETF by 23.1% during the 1st quarter. AdvisorNet Financial Inc now owns 1,421 shares of the company’s stock valued at $108,000 after purchasing an additional 267 shares during the period.

About TCW Transform 500 ETF

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.