TCW Transform 500 ETF (BATS:VOTE) Sets New 12-Month High – Should You Buy?

TCW Transform 500 ETF (BATS:VOTE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $83.61 and last traded at $83.61, with a volume of 172 shares. The stock had previously closed at $83.33.

TCW Transform 500 ETF Stock Down 0.1%

The firm has a market capitalization of $933.62 million, a P/E ratio of 25.32 and a beta of 1.02. The company’s 50 day moving average is $79.21 and its 200-day moving average is $79.73.

TCW Transform 500 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a dividend of $0.1733 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.69 annualized dividend and a yield of 0.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aspiriant LLC boosted its stake in TCW Transform 500 ETF by 23.9% during the fourth quarter. Aspiriant LLC now owns 130,776 shares of the company’s stock worth $10,491,000 after acquiring an additional 25,217 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of TCW Transform 500 ETF in the third quarter valued at $62,019,000. Ethic Inc. lifted its stake in shares of TCW Transform 500 ETF by 30.4% in the third quarter. Ethic Inc. now owns 363,221 shares of the company’s stock valued at $28,506,000 after buying an additional 84,707 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TCW Transform 500 ETF by 7.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,089,061 shares of the company’s stock valued at $85,470,000 after buying an additional 72,474 shares in the last quarter. Finally, Gateway Wealth Partners LLC lifted its stake in shares of TCW Transform 500 ETF by 40.2% in the third quarter. Gateway Wealth Partners LLC now owns 47,588 shares of the company’s stock valued at $3,735,000 after buying an additional 13,633 shares in the last quarter.

TCW Transform 500 ETF Company Profile

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.