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

TCW Transform 500 ETF (BATS:VOTE)’s stock price reached 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 moving average of $81.44 and a two-hundred day moving average of $80.70. The company has a market cap of $987.92 million, a P/E 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 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 yield of 0.8%.

Hedge Funds Weigh In On TCW Transform 500 ETF

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in TCW Transform 500 ETF by 8.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock worth $90,055,000 after purchasing an additional 88,256 shares during the period. Thrivent Financial for Lutherans purchased a new position in TCW Transform 500 ETF in the 3rd quarter worth approximately $62,019,000. Goldman Sachs Group Inc. increased its stake in TCW Transform 500 ETF by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,316 shares of the company’s stock worth $24,607,000 after purchasing an additional 3,836 shares during the period. Ethic Inc. increased its stake in TCW Transform 500 ETF by 0.6% in the 4th quarter. Ethic Inc. now owns 365,507 shares of the company’s stock worth $29,322,000 after purchasing an additional 2,286 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its stake in TCW Transform 500 ETF by 0.6% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 189,410 shares of the company’s stock worth $15,195,000 after purchasing an additional 1,038 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.