TCW Transform Systems ETF (NASDAQ:PWRD) Sees Unusually-High Trading Volume – Still a Buy?

TCW Transform Systems ETF (NASDAQ:PWRD) saw unusually-high trading volume on Thursday . Approximately 111,349 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 96,449 shares.The stock last traded at $109.64 and had previously closed at $106.72.

TCW Transform Systems ETF Stock Up 1.7%

The stock has a market cap of $1.48 billion, a PE ratio of 55.81 and a beta of 1.20. The firm has a fifty day moving average of $110.06 and a 200 day moving average of $103.70.

Hedge Funds Weigh In On TCW Transform Systems ETF

Large investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC increased its holdings in 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 buying an additional 21,272 shares during the last quarter. WJ Wealth Management LLC purchased a new position in TCW Transform Systems ETF in the third quarter valued at $7,259,000. Quotient Wealth Partners LLC grew its holdings in shares of TCW Transform Systems ETF by 4,251.4% during the fourth quarter. Quotient Wealth Partners LLC now owns 661,587 shares of the technology company’s stock worth $63,615,000 after purchasing an additional 646,383 shares during the last quarter. Quadcap Wealth Management LLC grew its holdings in shares of TCW Transform Systems ETF by 12.8% during the fourth quarter. Quadcap Wealth Management LLC now owns 86,225 shares of the technology company’s stock worth $8,298,000 after purchasing an additional 9,798 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of TCW Transform Systems ETF during the fourth quarter worth about $1,241,000. Hedge funds and other 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.