TCW Transform 500 ETF (NASDAQ:VOTE) Sees Unusually-High Trading Volume – What’s Next?

Shares of TCW Transform 500 ETF (NASDAQ:VOTE) saw unusually-strong trading volume on Monday . 51,778 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 27,274 shares.The stock last traded at $91.3340 and had previously closed at $90.04.

TCW Transform 500 ETF Stock Performance

The business’s 50 day moving average price is $90.54 and its two-hundred day moving average price is $88.81. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.32 and a beta of 1.01.

Hedge Funds Weigh In On TCW Transform 500 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management bought a new stake in shares of TCW Transform 500 ETF in the 4th quarter worth $52,000. AdvisorNet Financial Inc boosted its stake in TCW Transform 500 ETF by 23.1% during the first quarter. AdvisorNet Financial Inc now owns 1,421 shares of the company’s stock valued at $108,000 after buying an additional 267 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in TCW Transform 500 ETF during the second quarter worth about $128,000. Stark Wealth Management LLC acquired a new position in TCW Transform 500 ETF during the fourth quarter worth about $279,000. Finally, Royal Bank of Canada raised its position in TCW Transform 500 ETF by 433.1% in the first quarter. Royal Bank of Canada now owns 3,732 shares of the company’s stock worth $284,000 after acquiring an additional 3,032 shares in the last quarter.

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.