GK Wealth Management LLC Invests $854,000 in TCW Transform Systems ETF $PWRD

GK Wealth Management LLC bought a new stake in TCW Transform Systems ETF (NASDAQ:PWRD) in the 2nd quarter, Holdings Channel.com reports. The fund bought 6,946 shares of the technology company’s stock, valued at approximately $854,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Capital Management INC bought a new stake in shares of TCW Transform Systems ETF in the fourth quarter worth about $30,000. Triumph Capital Management bought a new position in shares of TCW Transform Systems ETF during the 3rd quarter valued at about $77,000. Fifth Third Bancorp acquired a new position in shares of TCW Transform Systems ETF in the 1st quarter valued at approximately $79,000. Osaic Holdings Inc. acquired a new position in shares of TCW Transform Systems ETF in the 2nd quarter valued at approximately $112,000. Finally, WealthTrust Asset Management LLC increased its stake in TCW Transform Systems ETF by 5.4% during the 1st 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 in the last quarter. 52.75% of the stock is owned by institutional investors and hedge funds.

TCW Transform Systems ETF Trading Up 2.5%

PWRD stock opened at $113.00 on Wednesday. The stock has a 50-day moving average price of $113.58 and a two-hundred day moving average price of $108.08. The stock has a market cap of $1.51 billion, a PE ratio of 55.39 and a beta of 1.19. TCW Transform Systems ETF has a 1 year low of $89.13 and a 1 year high of $123.23.

TCW Transform Systems ETF Announces Dividend

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

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.