TCW Transform Systems ETF (NASDAQ:PWRD) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

TCW Transform Systems ETF (NASDAQ:PWRD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $109.05 and traded as high as $109.14. TCW Transform Systems ETF shares last traded at $108.30, with a volume of 86,100 shares trading hands.

TCW Transform Systems ETF Trading Down 0.0%

The firm has a market cap of $1.45 billion, a P/E ratio of 53.08 and a beta of 1.19. The firm’s 50 day moving average is $113.46 and its two-hundred day moving average is $109.05.

TCW Transform Systems ETF Dividend Announcement

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

Hedge Funds Weigh In On TCW Transform Systems ETF

Several institutional investors and hedge funds have recently made changes to their positions in PWRD. Wealthcare Advisory Partners LLC bought a new stake in shares of TCW Transform Systems ETF in the 2nd quarter valued at $386,000. Capital Wealth Management LLC grew its stake in TCW Transform Systems ETF by 5.5% in the second quarter. Capital Wealth Management LLC now owns 15,969 shares of the technology company’s stock valued at $1,964,000 after acquiring an additional 826 shares during the period. First Heartland Consultants Inc. grew its stake in TCW Transform Systems ETF by 5.9% in the second quarter. First Heartland Consultants Inc. now owns 9,699 shares of the technology company’s stock valued at $1,193,000 after acquiring an additional 544 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of TCW Transform Systems ETF in the second quarter worth about $484,000. Finally, GK Wealth Management LLC acquired a new stake in shares of TCW Transform Systems ETF during the second quarter worth about $854,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

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.