TCW Transform 500 ETF (BATS:VOTE) Shares Down 2.1% – Here’s Why

TCW Transform 500 ETF (BATS:VOTE)’s stock price fell 2.1% during mid-day trading on Wednesday . The stock traded as low as $79.5734 and last traded at $79.5822. 26,409 shares were traded during mid-day trading, The stock had previously closed at $81.3281.

TCW Transform 500 ETF Price Performance

The firm has a market capitalization of $903.32 million, a price-to-earnings ratio of 25.32 and a beta of 1.02. The business’s 50-day moving average price is $80.18 and its 200 day moving average price is $77.95.

TCW Transform 500 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Monday, December 22nd were given a $0.209 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VOTE. Root Financial Partners LLC acquired a new stake in TCW Transform 500 ETF in the 3rd quarter worth approximately $31,000. AdvisorNet Financial Inc raised its position in shares of TCW Transform 500 ETF by 16.8% in the second quarter. AdvisorNet Financial Inc now owns 975 shares of the company’s stock valued at $71,000 after purchasing an additional 140 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of TCW Transform 500 ETF in the second quarter worth $87,000. Rossby Financial LCC lifted its stake in shares of TCW Transform 500 ETF by 122.9% in the third quarter. Rossby Financial LCC now owns 1,108 shares of the company’s stock worth $87,000 after buying an additional 611 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new position in TCW Transform 500 ETF in the 3rd quarter worth $122,000.

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.