TCW Transform Systems ETF (NASDAQ:PWRD) Sets New 52-Week High – Should You Buy?

TCW Transform Systems ETF (NASDAQ:PWRD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $123.21 and last traded at $122.98, with a volume of 58838 shares changing hands. The stock had previously closed at $119.21.

TCW Transform Systems ETF Stock Up 3.2%

The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 60.33 and a beta of 1.20. The stock’s fifty day moving average is $113.12 and its two-hundred day moving average is $105.39.

TCW Transform Systems ETF Announces Dividend

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

Institutional Trading of TCW Transform Systems ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC increased its holdings in shares of TCW Transform Systems ETF by 198.6% in the third quarter. Orion Porfolio Solutions LLC now owns 31,982 shares of the technology company’s stock valued at $3,124,000 after purchasing an additional 21,272 shares during the last quarter. WJ Wealth Management LLC acquired a new stake in shares of TCW Transform Systems ETF during the 3rd quarter worth about $7,259,000. WCG Wealth Advisors LLC lifted its stake in shares of TCW Transform Systems ETF by 192.9% during the 4th quarter. WCG Wealth Advisors LLC now owns 359,839 shares of the technology company’s stock worth $34,601,000 after buying an additional 236,974 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in shares of TCW Transform Systems ETF by 4,251.4% during the 4th quarter. Quotient Wealth Partners LLC now owns 661,587 shares of the technology company’s stock worth $63,615,000 after buying an additional 646,383 shares during the period. Finally, Quadcap Wealth Management LLC boosted its holdings in shares of TCW Transform Systems ETF by 12.8% during the 4th quarter. Quadcap Wealth Management LLC now owns 86,225 shares of the technology company’s stock worth $8,298,000 after buying an additional 9,798 shares during the period. Institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Company Profile

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.