TCW Transform Systems ETF (BATS:NETZ) Stock Passes Above 200 Day Moving Average – Time to Sell?

TCW Transform Systems ETF (BATS:NETZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.95 and traded as high as $78.47. TCW Transform Systems ETF shares last traded at $77.04, with a volume of 29,920 shares.

TCW Transform Systems ETF Trading Down 1.2 %

The stock has a 50-day simple moving average of $74.55 and a 200-day simple moving average of $70.95. The company has a market cap of $137.13 million, a price-to-earnings ratio of 25.16 and a beta of 0.92.

Institutional Investors Weigh In On TCW Transform Systems ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Trademark Financial Management LLC purchased a new position in shares of TCW Transform Systems ETF in the second quarter worth approximately $350,000. Bristlecone Advisors LLC raised its stake in TCW Transform Systems ETF by 3.6% during the 2nd quarter. Bristlecone Advisors LLC now owns 6,226 shares of the company’s stock valued at $425,000 after purchasing an additional 218 shares during the period. Napa Wealth Management lifted its holdings in shares of TCW Transform Systems ETF by 3.1% in the third quarter. Napa Wealth Management now owns 6,757 shares of the company’s stock valued at $500,000 after purchasing an additional 200 shares in the last quarter. REDW Wealth LLC boosted its position in shares of TCW Transform Systems ETF by 33.4% in the third quarter. REDW Wealth LLC now owns 7,148 shares of the company’s stock worth $528,000 after buying an additional 1,789 shares during the period. Finally, Quotient Wealth Partners LLC grew its holdings in shares of TCW Transform Systems ETF by 32.5% during the third quarter. Quotient Wealth Partners LLC now owns 8,417 shares of the company’s stock valued at $622,000 after buying an additional 2,065 shares in the last quarter.

TCW Transform Systems ETF Company 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.