TCW Transform Systems ETF (NASDAQ:PWRD) Reaches New 52-Week High – Should You Buy?

TCW Transform Systems ETF (NASDAQ:PWRD) shares reached a new 52-week high on Monday . The company traded as high as $116.81 and last traded at $116.41, with a volume of 2759 shares. The stock had previously closed at $113.85.

TCW Transform Systems ETF Stock Performance

The stock has a 50 day moving average price of $110.06 and a two-hundred day moving average price of $103.78. The company has a market capitalization of $1.51 billion, a PE ratio of 56.88 and a beta of 1.20.

Institutional Investors Weigh In On TCW Transform Systems ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Key Capital Management INC acquired a new position in shares of TCW Transform Systems ETF during the 4th quarter valued at about $30,000. Triumph Capital Management acquired 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 during the 1st quarter valued at about $79,000. Osaic Holdings Inc. acquired a new position in shares of TCW Transform Systems ETF during the 2nd quarter valued at about $112,000. Finally, WealthTrust Asset Management LLC acquired a new position in shares of TCW Transform Systems ETF during the 3rd quarter valued at about $219,000. 52.75% of the stock is owned by hedge funds and other institutional investors.

About TCW Transform Systems ETF

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.