TCW Transform Systems ETF (BATS:NETZ) Shares Sold by Avalon Capital Management

Avalon Capital Management trimmed its position in TCW Transform Systems ETF (BATS:NETZ) by 0.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,894 shares of the company’s stock after selling 218 shares during the period. TCW Transform Systems ETF makes up about 1.2% of Avalon Capital Management’s portfolio, making the stock its 26th largest holding. Avalon Capital Management’s holdings in TCW Transform Systems ETF were worth $2,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NETZ. Albion Financial Group UT raised its stake in shares of TCW Transform Systems ETF by 1.5% in the 4th quarter. Albion Financial Group UT now owns 33,938 shares of the company’s stock worth $1,926,000 after buying an additional 507 shares in the last quarter. Portside Wealth Group LLC raised its position in TCW Transform Systems ETF by 6.5% in the fourth quarter. Portside Wealth Group LLC now owns 9,280 shares of the company’s stock worth $527,000 after acquiring an additional 563 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in TCW Transform Systems ETF by 7.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 25,814 shares of the company’s stock valued at $1,453,000 after acquiring an additional 1,734 shares during the last quarter. Edge Capital Group LLC acquired a new stake in TCW Transform Systems ETF in the 4th quarter valued at about $206,000. Finally, Bellevue Asset Management LLC bought a new position in shares of TCW Transform Systems ETF during the 4th quarter valued at about $1,086,000.

TCW Transform Systems ETF Trading Down 0.6 %

Shares of BATS NETZ traded down $0.38 during midday trading on Friday, reaching $68.21. The company’s stock had a trading volume of 3,574 shares. The stock has a market capitalization of $121.41 million, a P/E ratio of 25.16 and a beta of 0.92. The stock has a 50 day moving average price of $69.48 and a 200 day moving average price of $64.45.

TCW Transform Systems ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 24th were given a $0.1875 dividend. This is a positive change from TCW Transform Systems ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, June 24th.

TCW Transform Systems ETF Profile

The Engine No. 1 Transform Climate ETF (NETZ) is an exchange-traded fund. The ETF currently has 95.44m in AUM and 25 holdings. NETZ is an actively managed portfolio of US equities that are considered to be driving and benefiting from the energy transformation NETZ was launched on Feb 2, 2022 and is managed by Engine No.