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

Shares of TCW Transform 500 ETF (NASDAQ:VOTE) saw strong trading volume on Monday following a dividend announcement from the company. Approximately 51,778 shares traded 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 dividend of $0.2273 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. This is a boost from TCW Transform 500 ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, September 22nd.

TCW Transform 500 ETF Price Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 25.32 and a beta of 1.01. The company’s 50 day moving average is $90.56 and its 200 day moving average is $88.85.

Hedge Funds Weigh In On TCW Transform 500 ETF

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in TCW Transform 500 ETF by 8.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock worth $90,055,000 after purchasing an additional 88,256 shares in the last quarter. Gateway Wealth Partners LLC raised its position in TCW Transform 500 ETF by 104.6% in the first quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock worth $7,643,000 after acquiring an additional 51,206 shares in the last quarter. Fairman Group LLC boosted its position in shares of TCW Transform 500 ETF by 813.0% during the 1st quarter. Fairman Group LLC now owns 21,072 shares of the company’s stock valued at $1,608,000 after purchasing an additional 18,764 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of TCW Transform 500 ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after purchasing an additional 9,215 shares in the last quarter. Finally, Sonoma Allocations LLC lifted its stake in TCW Transform 500 ETF by 110.3% during the fourth quarter. Sonoma Allocations LLC now owns 7,961 shares of the company’s stock valued at $650,000 after purchasing an additional 4,175 shares during the last quarter.

About TCW Transform 500 ETF

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.