TCW Transform Systems ETF (NASDAQ:PWRD) Reaches New 1-Year High – What’s Next?

Shares of TCW Transform Systems ETF (NASDAQ:PWRD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $123.21 and last traded at $122.98, with a volume of 58838 shares changing hands. The stock had previously closed at $119.21.

TCW Transform Systems ETF Trading Down 3.7%

The firm has a market cap of $1.48 billion, a PE ratio of 55.87 and a beta of 1.20. The firm has a 50 day moving average price of $113.57 and a 200-day moving average price of $105.71.

TCW Transform Systems ETF Dividend Announcement

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

Institutional Investors Weigh In On TCW Transform Systems ETF

A number of large investors have recently modified their holdings of PWRD. Key Capital Management INC purchased a new stake in shares of TCW Transform Systems ETF during the 4th quarter worth $30,000. Triumph Capital Management purchased a new position in TCW Transform Systems ETF in the third quarter valued at $77,000. Fifth Third Bancorp acquired a new stake in shares of TCW Transform Systems ETF during the 1st quarter worth about $79,000. Osaic Holdings Inc. acquired a new position in shares of TCW Transform Systems ETF in the 2nd quarter valued at $112,000. Finally, WealthTrust Asset Management LLC grew its holdings in shares of TCW Transform Systems ETF by 5.4% during the first quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock worth $231,000 after purchasing an additional 122 shares during the last quarter. 52.75% of the stock is owned by hedge funds and other institutional investors.

About TCW Transform Systems ETF

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.