TCW Transform 500 ETF (NASDAQ:VOTE) Trading Down 0.4% – Time to Sell?

TCW Transform 500 ETF (NASDAQ:VOTE)’s stock price dropped 0.4% during mid-day trading on Monday . The stock traded as low as $89.49 and last traded at $89.75. 14,728 shares were traded during trading, a decline of 46% from the average daily volume of 27,478 shares. The stock had previously closed at $90.15.

TCW Transform 500 ETF Stock Performance

The company has a fifty day simple moving average of $90.61 and a 200 day simple moving average of $88.81. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.32 and a beta of 1.01.

TCW Transform 500 ETF Announces Dividend

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

Institutional Trading of TCW Transform 500 ETF

Several institutional investors have recently added to or reduced their stakes in VOTE. PNC Financial Services Group Inc. raised its holdings in TCW Transform 500 ETF by 8.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock worth $90,055,000 after purchasing an additional 88,256 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in TCW Transform 500 ETF by 0.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 189,410 shares of the company’s stock worth $15,195,000 after buying an additional 1,038 shares during the last quarter. Bank of America Corp DE raised its stake in TCW Transform 500 ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after buying an additional 9,215 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in TCW Transform 500 ETF by 104.6% in the first quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock valued at $7,643,000 after buying an additional 51,206 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in TCW Transform 500 ETF by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 41,325 shares of the company’s stock valued at $3,153,000 after buying an additional 1,302 shares during the period.

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.