TCW Transform 500 ETF (NASDAQ:VOTE) Sets New 52-Week High – Here’s What Happened

Shares of TCW Transform 500 ETF (NASDAQ:VOTE) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $92.12 and last traded at $91.9160, with a volume of 6325 shares traded. The stock had previously closed at $91.38.

TCW Transform 500 ETF Price Performance

The company has a market capitalization of $1.15 billion, a P/E ratio of 25.32 and a beta of 1.01. The firm’s 50-day moving average is $90.44 and its 200-day moving average is $89.08.

TCW Transform 500 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 22nd were issued a $0.2273 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.0%. This is a boost from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242. The ex-dividend date of this dividend was Tuesday, September 22nd.

Institutional Investors Weigh In On TCW Transform 500 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOTE. PNC Financial Services Group Inc. lifted 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 buying an additional 88,256 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of TCW Transform 500 ETF by 104.6% during the first quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock valued at $7,643,000 after purchasing an additional 51,206 shares in the last quarter. Fairman Group LLC raised its holdings in TCW Transform 500 ETF by 813.0% during the first quarter. Fairman Group LLC now owns 21,072 shares of the company’s stock worth $1,608,000 after purchasing an additional 18,764 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of TCW Transform 500 ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock valued at $14,175,000 after buying an additional 9,215 shares during the period. Finally, Sonoma Allocations LLC lifted its holdings in TCW Transform 500 ETF by 110.3% in the 4th quarter. Sonoma Allocations LLC now owns 7,961 shares of the company’s stock valued at $650,000 after acquiring an additional 4,175 shares during 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.