TCW Transform 500 ETF (NASDAQ:VOTE) Sees Unusually-High Trading Volume – What’s Next?

TCW Transform 500 ETF (NASDAQ:VOTE) shares saw unusually-strong trading volume on Wednesday. Approximately 83,317 shares traded hands during mid-day trading, an increase of 205% from the average daily volume of 27,351 shares. The stock last traded at $89.6990 and had previously closed at $88.36.

TCW Transform 500 ETF Trading Up 1.4%

The business has a 50-day moving average of $90.20 and a 200 day moving average of $88.98. The firm has a market capitalization of $1.12 billion, a P/E ratio of 23.58 and a beta of 1.01.

TCW Transform 500 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 22nd were paid a $0.2273 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. This is a boost from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242. The ex-dividend date of this dividend was Tuesday, September 22nd.

Hedge Funds Weigh In On TCW Transform 500 ETF

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of TCW Transform 500 ETF by 14.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,349 shares of the company’s stock worth $121,000 after purchasing an additional 170 shares in the last quarter. DWR Wealth Management LLC increased its stake in TCW Transform 500 ETF by 9.8% during the 3rd quarter. DWR Wealth Management LLC now owns 3,612 shares of the company’s stock valued at $326,000 after purchasing an additional 323 shares in the last quarter. Sonoma Allocations LLC increased its stake in TCW Transform 500 ETF by 16.1% during the 1st quarter. Sonoma Allocations LLC now owns 9,239 shares of the company’s stock valued at $714,000 after purchasing an additional 1,278 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TCW Transform 500 ETF by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 41,325 shares of the company’s stock worth $3,153,000 after buying an additional 1,302 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of TCW Transform 500 ETF during the second quarter valued at about $128,000.

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.