PNC Financial Services Group Inc. Increases Stock Position in TCW Transform 500 ETF $VOTE

PNC Financial Services Group Inc. boosted its position in shares of TCW Transform 500 ETF (BATS:VOTE) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,180,277 shares of the company’s stock after purchasing an additional 88,256 shares during the period. PNC Financial Services Group Inc. owned approximately 10.52% of TCW Transform 500 ETF worth $90,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOTE. Orion Porfolio Solutions LLC boosted its position in TCW Transform 500 ETF by 81.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 136,885 shares of the company’s stock valued at $9,957,000 after buying an additional 61,480 shares during the last quarter. Aspiriant LLC grew its stake in shares of TCW Transform 500 ETF by 23.9% during the fourth quarter. Aspiriant LLC now owns 130,776 shares of the company’s stock valued at $10,491,000 after acquiring an additional 25,217 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of TCW Transform 500 ETF by 146.2% during the third quarter. Moneta Group Investment Advisors LLC now owns 33,751 shares of the company’s stock worth $2,649,000 after acquiring an additional 20,041 shares during the last quarter. Fairman Group LLC increased its position in shares of 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 acquiring an additional 18,764 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of TCW Transform 500 ETF by 1,613.8% in the second quarter. Osaic Holdings Inc. now owns 9,409 shares of the company’s stock worth $684,000 after acquiring an additional 8,860 shares in the last quarter.

TCW Transform 500 ETF Stock Performance

BATS:VOTE opened at $88.14 on Thursday. The stock has a market cap of $988.93 million, a price-to-earnings ratio of 25.32 and a beta of 1.02. TCW Transform 500 ETF has a one year low of $72.99 and a one year high of $89.56. The business’s 50-day simple moving average is $87.83 and its 200 day simple moving average is $83.22.

TCW Transform 500 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a $0.2242 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About TCW Transform 500 ETF

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.