TCW Transform Systems ETF (NASDAQ:PWRD) Sets New 1-Year High – Time to Buy?

TCW Transform Systems ETF (NASDAQ:PWRD) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $116.81 and last traded at $116.41, with a volume of 2759 shares changing hands. The stock had previously closed at $113.85.

TCW Transform Systems ETF Stock Performance

The company has a 50 day simple moving average of $110.74 and a 200 day simple moving average of $104.06. The company has a market capitalization of $1.50 billion, a PE ratio of 56.45 and a beta of 1.20.

Institutional Investors Weigh In On TCW Transform Systems ETF

Large investors have recently bought and sold shares of the company. Dynasty Wealth Management LLC grew its position in shares of TCW Transform Systems ETF by 63.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 5,303,116 shares of the technology company’s stock valued at $509,927,000 after purchasing an additional 2,061,596 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of TCW Transform Systems ETF in the fourth quarter valued at approximately $160,621,000. Quotient Wealth Partners LLC grew its position in shares of TCW Transform Systems ETF by 4,251.4% in the fourth quarter. Quotient Wealth Partners LLC now owns 661,587 shares of the technology company’s stock valued at $63,615,000 after purchasing an additional 646,383 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TCW Transform Systems ETF by 18.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,029,797 shares of the technology company’s stock worth $291,332,000 after acquiring an additional 480,792 shares during the last quarter. Finally, WCG Wealth Advisors LLC raised its holdings in shares of TCW Transform Systems ETF by 192.9% during the 4th quarter. WCG Wealth Advisors LLC now owns 359,839 shares of the technology company’s stock worth $34,601,000 after acquiring an additional 236,974 shares during the period. 52.75% of the stock is currently 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.