TCW Transform Systems ETF (NASDAQ:PWRD) Reaches New 12-Month High – Should You Buy?

TCW Transform Systems ETF (NASDAQ:PWRD)’s share price hit a new 52-week high on Monday . The stock traded as high as $122.49 and last traded at $121.12, with a volume of 4476 shares trading hands. The stock had previously closed at $120.25.

TCW Transform Systems ETF Stock Performance

The company has a market cap of $1.52 billion, a P/E ratio of 57.47 and a beta of 1.20. The business has a fifty day simple moving average of $112.31 and a 200 day simple moving average of $104.82.

TCW Transform Systems ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.0607 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $0.24 annualized dividend and a yield of 0.2%. TCW Transform Systems ETF’s dividend payout ratio (DPR) is 7.84%.

Institutional Trading of TCW Transform Systems ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of TCW Transform Systems ETF in the 2nd quarter valued at about $2,229,000. Orion Porfolio Solutions LLC acquired a new stake in TCW Transform Systems ETF during the second quarter worth about $6,631,000. Geneos Wealth Management Inc. acquired a new stake in TCW Transform Systems ETF during the second quarter worth about $276,000. Osaic Holdings Inc. bought a new position in TCW Transform Systems ETF in the second quarter worth about $112,000. Finally, First Heartland Consultants Inc. bought a new position in TCW Transform Systems ETF in the third quarter worth about $765,000. 52.75% of the stock is owned by institutional investors and hedge funds.

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.