TCW Transform 500 ETF (NASDAQ:VOTE) Hits New 52-Week High – Here’s What Happened

TCW Transform 500 ETF (NASDAQ:VOTE)’s stock price reached a new 52-week high during trading on Tuesday. The company traded as high as $92.12 and last traded at $91.9160, with a volume of 6325 shares traded. The stock had previously closed at $91.38.

TCW Transform 500 ETF Trading Down 0.3%

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 25.32 and a beta of 1.01. The firm has a 50-day moving average price of $90.45 and a 200 day moving average price of $89.15.

TCW Transform 500 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 22nd were issued a $0.2273 dividend. This is a boost from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 22nd.

Institutional Trading of TCW Transform 500 ETF

A number of institutional investors and hedge funds have recently modified their holdings of VOTE. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Transform 500 ETF by 8.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock valued at $90,055,000 after buying an additional 88,256 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in shares of TCW Transform 500 ETF by 0.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 189,410 shares of the company’s stock valued at $15,195,000 after purchasing an additional 1,038 shares during the last quarter. Bank of America Corp DE raised its position in shares of TCW Transform 500 ETF by 5.2% during 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 during the period. Gateway Wealth Partners LLC boosted its position in TCW Transform 500 ETF by 104.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock valued at $7,643,000 after purchasing an additional 51,206 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in TCW Transform 500 ETF by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 41,325 shares of the company’s stock worth $3,153,000 after buying an additional 1,302 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.