TCW Transform Systems ETF (NASDAQ:PWRD) Hits New 12-Month High – What’s Next?

TCW Transform Systems ETF (NASDAQ:PWRD) hit a new 52-week high on Wednesday . The stock traded as high as $114.43 and last traded at $113.72, with a volume of 102117 shares traded. The stock had previously closed at $111.74.

TCW Transform Systems ETF Price Performance

The company has a 50-day simple moving average of $104.83 and a two-hundred day simple moving average of $101.35. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 54.62 and a beta of 1.22.

Institutional Investors Weigh In On TCW Transform Systems ETF

Several large investors have recently added to or reduced their stakes in PWRD. Raymond James Financial Inc. acquired a new stake in TCW Transform Systems ETF in the second quarter worth $2,229,000. Orion Porfolio Solutions LLC bought a new position in shares of TCW Transform Systems ETF in the second quarter worth $6,631,000. Geneos Wealth Management Inc. bought a new position in shares of TCW Transform Systems ETF in the second quarter worth $276,000. Osaic Holdings Inc. bought a new position in shares of TCW Transform Systems ETF in the second quarter worth $112,000. Finally, TFC Financial Management Inc. bought a new position in shares of TCW Transform Systems ETF in the third quarter worth $1,689,000. 52.75% of the stock is owned by institutional investors and hedge funds.

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.