Avalon Capital Management Increases Position in TCW Transform Systems ETF (BATS:NETZ)

Avalon Capital Management raised its position in TCW Transform Systems ETF (BATS:NETZ) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,181 shares of the company’s stock after purchasing an additional 2,287 shares during the quarter. TCW Transform Systems ETF accounts for approximately 1.0% of Avalon Capital Management’s portfolio, making the stock its 24th largest position. Avalon Capital Management owned about 2.54% of TCW Transform Systems ETF worth $3,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NETZ. Edge Capital Group LLC purchased a new stake in shares of TCW Transform Systems ETF during the fourth quarter worth $206,000. Roberts Wealth Advisors LLC purchased a new stake in shares of TCW Transform Systems ETF during the first quarter worth $306,000. Portside Wealth Group LLC increased its position in shares of TCW Transform Systems ETF by 36.0% during the second quarter. Portside Wealth Group LLC now owns 12,875 shares of the company’s stock worth $878,000 after acquiring an additional 3,410 shares during the period. Bellevue Asset Management LLC purchased a new stake in shares of TCW Transform Systems ETF during the fourth quarter worth $1,086,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of TCW Transform Systems ETF by 7.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 25,814 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,734 shares during the period.

TCW Transform Systems ETF Trading Up 1.2 %

Shares of TCW Transform Systems ETF stock traded up $0.84 during trading hours on Friday, reaching $69.54. 4,129 shares of the company were exchanged. The firm has a 50-day moving average of $68.42 and a two-hundred day moving average of $67.48. The company has a market capitalization of $123.78 million, a price-to-earnings ratio of 25.16 and a beta of 0.92.

TCW Transform Systems ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 24th were given a $0.1875 dividend. The ex-dividend date was Monday, June 24th. This is an increase from TCW Transform Systems ETF’s previous dividend of $0.04.

TCW Transform Systems ETF Profile

The Engine No. 1 Transform Climate ETF (NETZ) is an exchange-traded fund. The ETF currently has 95.44m in AUM and 25 holdings. NETZ is an actively managed portfolio of US equities that are considered to be driving and benefiting from the energy transformation NETZ was launched on Feb 2, 2022 and is managed by Engine No.