TCW Transform 500 ETF (NASDAQ:VOTE) Sees Unusually-High Trading Volume After Dividend Announcement

Shares of TCW Transform 500 ETF (NASDAQ:VOTE) saw an uptick in trading volume on Monday following a dividend announcement from the company. 51,778 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 27,274 shares.The stock last traded at $91.3340 and had previously closed at $90.04.

The newly announced dividend which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 22nd will be issued a $0.2273 dividend. This is a positive change from TCW Transform 500 ETF’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 22nd.

TCW Transform 500 ETF Stock Down 0.3%

The firm has a fifty day moving average of $90.56 and a 200-day moving average of $88.85. The firm has a market cap of $1.14 billion, a P/E ratio of 25.32 and a beta of 1.01.

Hedge Funds Weigh In On TCW Transform 500 ETF

Several large investors have recently bought and sold shares of VOTE. SHP Wealth Management bought a new stake in shares of TCW Transform 500 ETF during the 4th quarter valued at $52,000. AdvisorNet Financial Inc grew its stake in shares of TCW Transform 500 ETF by 23.1% during the first quarter. AdvisorNet Financial Inc now owns 1,421 shares of the company’s stock worth $108,000 after purchasing an additional 267 shares during the period. Integrated Wealth Concepts LLC bought a new stake in TCW Transform 500 ETF in the second quarter valued at about $128,000. Stark Wealth Management LLC bought a new stake in TCW Transform 500 ETF in the fourth quarter valued at about $279,000. Finally, Royal Bank of Canada lifted its stake in TCW Transform 500 ETF by 433.1% in the first quarter. Royal Bank of Canada now owns 3,732 shares of the company’s stock valued at $284,000 after buying an additional 3,032 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.