TCW Transform Systems ETF (NASDAQ:PWRD) Shares Pass Above 200-Day Moving Average – Here’s What Happened

TCW Transform Systems ETF (NASDAQ:PWRD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $107.60 and traded as high as $113.17. TCW Transform Systems ETF shares last traded at $110.71, with a volume of 49,809 shares trading hands.

TCW Transform Systems ETF Trading Down 2.2%

The stock has a market cap of $1.46 billion, a PE ratio of 54.27 and a beta of 1.18. The business has a 50-day moving average price of $114.00 and a 200 day moving average price of $107.60.

TCW Transform Systems ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0607 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.24 annualized dividend and a yield of 0.2%. TCW Transform Systems ETF’s dividend payout ratio is 2.94%.

Hedge Funds Weigh In On TCW Transform Systems ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWRD. Key Capital Management INC bought a new stake in shares of TCW Transform Systems ETF in the fourth quarter valued at approximately $30,000. Triumph Capital Management bought a new position in TCW Transform Systems ETF in the 3rd quarter worth approximately $77,000. Fifth Third Bancorp bought a new position in TCW Transform Systems ETF in the 1st quarter worth approximately $79,000. Osaic Holdings Inc. purchased a new position in TCW Transform Systems ETF in the 2nd quarter valued at approximately $112,000. Finally, WealthTrust Asset Management LLC grew its stake in TCW Transform Systems ETF by 5.4% in the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock valued at $231,000 after buying an additional 122 shares in the last quarter. Institutional investors 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.