TCW Transform 500 ETF (NASDAQ:VOTE) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

Shares of TCW Transform 500 ETF (NASDAQ:VOTE) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $88.95 and traded as low as $88.50. TCW Transform 500 ETF shares last traded at $88.50, with a volume of 20,771 shares changing hands.

TCW Transform 500 ETF Stock Down 0.6%

The company has a fifty day simple moving average of $90.48 and a 200 day simple moving average of $88.95. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.32 and a beta of 1.01.

TCW Transform 500 ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VOTE. PNC Financial Services Group Inc. boosted its holdings in shares of 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 valued at $90,055,000 after purchasing an additional 88,256 shares during the last quarter. Aspiriant LLC bought a new stake in shares of TCW Transform 500 ETF in the third quarter worth about $17,380,000. Bank of America Corp DE increased 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 worth $14,175,000 after purchasing an additional 9,215 shares during the last quarter. Gateway Wealth Partners LLC lifted its position in shares of 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 worth $7,643,000 after buying an additional 51,206 shares in the last quarter. Finally, Values Added Financial LLC lifted its position in shares of TCW Transform 500 ETF by 5.7% in the third quarter. Values Added Financial LLC now owns 90,625 shares of the company’s stock worth $8,161,000 after buying an additional 4,877 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.