TCW Transform Systems ETF (NASDAQ:PWRD) Reaches New 1-Year Low – Here’s Why

Shares of TCW Transform Systems ETF (NASDAQ:PWRD) reached a new 52-week low on Thursday. The stock traded as low as $89.77 and last traded at $91.49, with a volume of 136,313 shares. The stock had previously closed at $95.30.

TCW Transform Systems ETF Stock Down 4.6%

The company has a market capitalization of $1.32 billion, a PE ratio of 44.62 and a beta of 1.20. The company’s 50 day moving average is $103.54 and its two-hundred day moving average is $107.19.

Hedge Funds Weigh In On TCW Transform Systems ETF

A number of institutional investors have recently modified their holdings of PWRD. Principle Wealth Partners LLC raised its holdings in TCW Transform Systems ETF by 12.1% during the third quarter. Principle Wealth Partners LLC now owns 170,961 shares of the technology company’s stock worth $17,984,000 after purchasing an additional 18,408 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of TCW Transform Systems ETF by 13.9% in the 1st quarter. Procyon Advisors LLC now owns 135,106 shares of the technology company’s stock valued at $13,209,000 after buying an additional 16,486 shares in the last quarter. Quadcap Wealth Management LLC boosted its holdings in shares of TCW Transform Systems ETF by 6.4% in the 3rd quarter. Quadcap Wealth Management LLC now owns 104,402 shares of the technology company’s stock valued at $10,982,000 after buying an additional 6,260 shares in the last quarter. Bank of America Corp DE grew its position in shares of TCW Transform Systems ETF by 153.8% in the 1st quarter. Bank of America Corp DE now owns 90,559 shares of the technology company’s stock valued at $8,854,000 after buying an additional 54,876 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its position in shares of TCW Transform Systems ETF by 3.1% in the 3rd quarter. Venture Visionary Partners LLC now owns 89,843 shares of the technology company’s stock valued at $9,451,000 after buying an additional 2,722 shares during the last quarter. 52.75% of the stock is owned by hedge funds and other institutional investors.

About TCW Transform Systems ETF

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.