TCW Transform 500 ETF (NASDAQ:VOTE) Trading Down 0.4% – Time to Sell?

TCW Transform 500 ETF (NASDAQ:VOTE) dropped 0.4% during mid-day trading on Monday . The stock traded as low as $89.49 and last traded at $89.75. 14,728 shares changed hands during trading, a decline of 46% from the average session volume of 27,478 shares. The stock had previously closed at $90.15.

TCW Transform 500 ETF Trading Down 0.4%

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 25.32 and a beta of 1.01. The stock’s fifty day simple moving average is $90.64 and its 200 day simple moving average is $88.81.

TCW Transform 500 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 23rd were given a $0.2242 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.0%.

Hedge Funds Weigh In On TCW Transform 500 ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in TCW Transform 500 ETF during the second quarter worth $128,000. Sonoma Allocations LLC increased its stake in shares of TCW Transform 500 ETF by 25.2% in the 2nd quarter. Sonoma Allocations LLC now owns 11,564 shares of the company’s stock worth $1,022,000 after acquiring an additional 2,325 shares during the last quarter. Bank of America Corp DE increased its stake in shares of TCW Transform 500 ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after acquiring an additional 9,215 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of TCW Transform 500 ETF by 433.1% during the 1st quarter. Royal Bank of Canada now owns 3,732 shares of the company’s stock worth $284,000 after acquiring an additional 3,032 shares during the period. Finally, Gateway Wealth Partners LLC raised its holdings in shares of TCW Transform 500 ETF by 104.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock worth $7,643,000 after acquiring an additional 51,206 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.