TCW Transform Systems ETF (NASDAQ:PWRD) Sets New 1-Year High – Still a Buy?

TCW Transform Systems ETF (NASDAQ:PWRD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $122.49 and last traded at $121.12, with a volume of 4476 shares trading hands. The stock had previously closed at $120.25.

TCW Transform Systems ETF Stock Up 0.8%

The company has a market capitalization of $1.57 billion, a PE ratio of 59.43 and a beta of 1.20. The business has a 50 day simple moving average of $111.77 and a 200 day simple moving average of $104.50.

Hedge Funds Weigh In On TCW Transform Systems ETF

Several hedge funds and other institutional investors have recently modified their holdings of PWRD. Dynasty Wealth Management LLC raised its holdings in shares of TCW Transform Systems ETF by 63.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 5,303,116 shares of the technology company’s stock worth $509,927,000 after buying an additional 2,061,596 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of TCW Transform Systems ETF during the fourth quarter valued at $160,621,000. Quotient Wealth Partners LLC increased its position in shares of TCW Transform Systems ETF by 4,251.4% in the 4th quarter. Quotient Wealth Partners LLC now owns 661,587 shares of the technology company’s stock valued at $63,615,000 after acquiring an additional 646,383 shares during the period. JPMorgan Chase & Co. increased its position in shares of TCW Transform Systems ETF by 18.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,029,797 shares of the technology company’s stock valued at $291,332,000 after acquiring an additional 480,792 shares during the period. Finally, WCG Wealth Advisors LLC increased its position in shares of TCW Transform Systems ETF by 192.9% in the 4th quarter. WCG Wealth Advisors LLC now owns 359,839 shares of the technology company’s stock valued at $34,601,000 after acquiring an additional 236,974 shares during the period. 52.75% of the stock is owned by hedge funds and other institutional investors.

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.