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Bank of America Corp DE grew its stake in TCW Transform Systems ETF (NASDAQ: PWRD) by 153.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,559 shares of the technology company's stock after purchasing an additional 54,876 shares during the
Net of fees, PWRD returned +26.17% in Q2 2026 compared to +15.20% for the S&P 500. Year-to-date, PWRD was up +27.97% versus the S&P 500 return of +10.21%. Top performers during Q2 2026 included Applied Materials, KLA Corporation, and GE Aerospace. Detractors to the fund's performance included Venture Global, Exxon Mobil, and Cheniere Energy.
TCW Transform Systems ETF (NASDAQ: PWRD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $109.05 and traded as high as $109.14. TCW Transform Systems ETF shares last traded at $108.30, with a volume of 86,100 shares. TCW Transform Systems
For decades, overweighting specific S&P 500 sectors within small portfolio allocations has been a primary way for investors and financial advisors to add alpha to core stock index returns, but themes like AI and thematic ETFs are attracting more of that money.
The TCW Transform Systems ETF has outperformed the S&P 500, delivering strong returns driven by exposure to energy, data centers, and power infrastructure trends. PWRD's active management and high turnover have shifted recent sector allocations, increasing technology exposure while maintaining a core focus on industrials and energy transformation. Despite high valuations (average PE > 30) and an above-average expense ratio, PWRD maintains a five-star Morningstar rating for risk-adjusted returns, reflecting strong historical performance.
TCW's concentrated strategy targets power grid constraints over clean tech, riding demand from AI and manufacturing reshoring.
TCW Transform Systems ETF (NASDAQ: PWRD - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $100.45 and traded as high as $109.63. TCW Transform Systems ETF shares last traded at $109.37, with a volume of 121,773 shares traded. TCW Transform Systems
Active fixed income ETFs gathered an impressive 38% of the $173 billion of net inflows in the 12 months ended January 2026. TCW's recent expansion serves as a strong case study in how a legacy bond powerhouse can benefit as ETFs gain market share.
SEC filings for PWRD aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.