TCW Transform Systems ETF (NASDAQ:PWRD) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of TCW Transform Systems ETF (NASDAQ:PWRD) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $107.60 and traded as high as $113.17. TCW Transform Systems ETF shares last traded at $110.71, with a volume of 49,809 shares changing hands.

TCW Transform Systems ETF Trading Down 2.2%

The company has a market capitalization of $1.46 billion, a P/E ratio of 54.27 and a beta of 1.18. The company’s fifty day moving average is $114.00 and its 200 day moving average is $107.60.

TCW Transform Systems ETF Announces Dividend

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

Institutional Investors Weigh In On TCW Transform Systems ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PWRD. Raymond James Financial Inc. purchased a new position in shares of TCW Transform Systems ETF during the second quarter worth approximately $2,229,000. Orion Porfolio Solutions LLC purchased a new stake in TCW Transform Systems ETF in the second quarter worth $6,631,000. Geneos Wealth Management Inc. purchased a new stake in shares of TCW Transform Systems ETF in the 2nd quarter worth approximately $276,000. Osaic Holdings Inc. bought a new position in shares of TCW Transform Systems ETF during the second quarter valued at $112,000. Finally, SFG Wealth Management LLC. bought a new position in shares of TCW Transform Systems ETF during the third quarter valued at $2,154,000. 52.75% of the stock is owned by hedge funds and other institutional investors.

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.