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

TCW Transform Systems ETF (NASDAQ:PWRD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $106.51 and traded as high as $117.50. TCW Transform Systems ETF shares last traded at $115.37, with a volume of 82,379 shares.

TCW Transform Systems ETF Trading Up 1.5%

The stock’s 50-day moving average is $114.19 and its 200-day moving average is $106.51. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 56.55 and a beta of 1.18.

TCW Transform Systems ETF Announces Dividend

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

Institutional Trading of TCW Transform Systems ETF

Several large investors have recently added to or reduced their stakes in PWRD. Raymond James Financial Inc. purchased a new stake in shares of TCW Transform Systems ETF in the second quarter worth about $2,229,000. Orion Porfolio Solutions LLC acquired a new stake in shares of TCW Transform Systems ETF in the second quarter valued at about $6,631,000. Geneos Wealth Management Inc. purchased a new stake in shares of TCW Transform Systems ETF during the 2nd quarter valued at about $276,000. Osaic Holdings Inc. purchased a new stake in shares of TCW Transform Systems ETF during the 2nd quarter valued at about $112,000. Finally, SFG Wealth Management LLC. acquired a new position in TCW Transform Systems ETF during the 3rd quarter worth approximately $2,154,000. 52.75% of the stock is currently owned by institutional investors and hedge funds.

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.