Cardinal Point Capital Management ULC Makes New Investment in TCW Transform Systems ETF $PWRD

Cardinal Point Capital Management ULC bought a new stake in shares of TCW Transform Systems ETF (NASDAQ:PWRD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,209 shares of the technology company’s stock, valued at approximately $1,976,000. Cardinal Point Capital Management ULC owned 0.16% of TCW Transform Systems ETF as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in TCW Transform Systems ETF in the second quarter valued at approximately $2,229,000. Orion Porfolio Solutions LLC purchased a new position in shares of TCW Transform Systems ETF during the 2nd quarter valued at $6,631,000. Geneos Wealth Management Inc. purchased a new position in shares of TCW Transform Systems ETF during the 2nd quarter valued at $276,000. Osaic Holdings Inc. bought a new position in shares of TCW Transform Systems ETF during the 2nd quarter worth $112,000. Finally, First Heartland Consultants Inc. bought a new position in shares of TCW Transform Systems ETF during the 3rd quarter worth $765,000. Institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Stock Performance

Shares of PWRD opened at $117.18 on Thursday. TCW Transform Systems ETF has a fifty-two week low of $86.97 and a fifty-two week high of $122.95. The business has a 50-day moving average of $112.50 and a 200 day moving average of $104.96. The firm has a market cap of $1.52 billion, a P/E ratio of 57.44 and a beta of 1.20.

TCW Transform Systems ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 23rd will be paid a $0.0607 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. TCW Transform Systems ETF’s dividend payout ratio (DPR) is presently 7.84%.

TCW Transform Systems ETF 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.