TCW Transform 500 ETF (BATS:VOTE) Reaches New 52-Week High – Still a Buy?

Shares of TCW Transform 500 ETF (BATS:VOTE) reached a new 52-week high during trading on Thursday . The stock traded as high as $91.54 and last traded at $91.51, with a volume of 549 shares trading hands. The stock had previously closed at $91.12.

TCW Transform 500 ETF Trading Up 0.5%

The stock has a 50-day moving average of $88.15 and a two-hundred day moving average of $84.06. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 25.32 and a beta of 1.02.

TCW Transform 500 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Tuesday, June 23rd were paid a $0.2242 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 1.0%.

Institutional Investors Weigh In On TCW Transform 500 ETF

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in TCW Transform 500 ETF by 8.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock valued at $90,055,000 after purchasing an additional 88,256 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of TCW Transform 500 ETF by 81.5% in the second quarter. Orion Porfolio Solutions LLC now owns 136,885 shares of the company’s stock worth $9,957,000 after buying an additional 61,480 shares during the last quarter. Gateway Wealth Partners LLC lifted its position in TCW Transform 500 ETF by 104.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock worth $7,643,000 after acquiring an additional 51,206 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of TCW Transform 500 ETF by 146.2% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 33,751 shares of the company’s stock worth $2,649,000 after purchasing an additional 20,041 shares during the last quarter. Finally, Fairman Group LLC boosted its position in shares of TCW Transform 500 ETF by 813.0% in the first quarter. Fairman Group LLC now owns 21,072 shares of the company’s stock valued at $1,608,000 after acquiring an additional 18,764 shares during the period.

About TCW Transform 500 ETF

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.