Valence8 US LP Sells 79,651 Shares of TCW Transform Systems ETF $PWRD

Valence8 US LP trimmed its position in TCW Transform Systems ETF (NASDAQ:PWRD) by 48.3% during the first quarter, HoldingsChannel.com reports. The fund owned 85,199 shares of the technology company’s stock after selling 79,651 shares during the quarter. TCW Transform Systems ETF makes up 2.9% of Valence8 US LP’s portfolio, making the stock its 8th biggest position. Valence8 US LP’s holdings in TCW Transform Systems ETF were worth $8,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in TCW Transform Systems ETF by 10.9% during the first quarter. Lido Advisors LLC now owns 13,914 shares of the technology company’s stock worth $1,360,000 after purchasing an additional 1,373 shares during the last quarter. WealthTrust Asset Management LLC raised its holdings in shares of TCW Transform Systems ETF by 5.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock worth $231,000 after buying an additional 122 shares in the last quarter. Procyon Advisors LLC raised its holdings in shares of TCW Transform Systems ETF by 13.9% during the 1st quarter. Procyon Advisors LLC now owns 135,106 shares of the technology company’s stock worth $13,209,000 after buying an additional 16,486 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of TCW Transform Systems ETF during the 1st quarter worth $79,000. Finally, Millstone Evans Group LLC lifted its position in shares of TCW Transform Systems ETF by 11.7% during the 1st quarter. Millstone Evans Group LLC now owns 12,162 shares of the technology company’s stock worth $1,189,000 after buying an additional 1,273 shares during the last quarter. 52.75% of the stock is currently owned by institutional investors and hedge funds.

TCW Transform Systems ETF Stock Down 2.2%

NASDAQ:PWRD opened at $110.71 on Friday. TCW Transform Systems ETF has a twelve month low of $89.13 and a twelve month high of $123.23. The stock’s 50-day simple moving average is $114.00 and its 200 day simple moving average is $107.60. The firm has a market capitalization of $1.46 billion, a PE ratio of 54.27 and a beta of 1.18.

TCW Transform Systems ETF Announces Dividend

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

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.