Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Trading Up 1.4% – Here’s Why

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) rose 1.4% during trading on Monday . The company traded as high as $37.98 and last traded at $37.98. Approximately 366 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 3,352 shares. The stock had previously closed at $37.45.

Texas Capital Texas Equity Index ETF Stock Performance

The company’s 50 day moving average price is $38.08 and its 200-day moving average price is $36.79. The stock has a market cap of $33.42 million, a P/E ratio of 20.54 and a beta of 1.06.

Texas Capital Texas Equity Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $0.081 dividend. This is a positive change from Texas Capital Texas Equity Index ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, December 29th. This represents a $0.32 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Optima Capital LLC purchased a new position in shares of Texas Capital Texas Equity Index ETF in the 4th quarter worth about $37,000. Concorde Financial Corp purchased a new stake in Texas Capital Texas Equity Index ETF during the second quarter worth about $104,000. U.S. Capital Wealth Advisors LLC raised its position in Texas Capital Texas Equity Index ETF by 29.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 30,828 shares of the company’s stock worth $1,130,000 after acquiring an additional 7,045 shares during the period. Astoria Portfolio Advisors LLC. raised its position in Texas Capital Texas Equity Index ETF by 3.0% in the third quarter. Astoria Portfolio Advisors LLC. now owns 31,664 shares of the company’s stock worth $1,156,000 after acquiring an additional 931 shares during the period. Finally, Ankerstar Wealth LLC purchased a new position in Texas Capital Texas Equity Index ETF in the fourth quarter valued at about $1,366,000.

Texas Capital Texas Equity Index ETF Company Profile

The Texas Capital Texas Equity Index ETF (TXS) is an exchange-traded fund that is based on the Texas Capital Texas Equity index. The fund seeks to track a tier-weighted-equity index comprised of companies headquartered in Texas. The fund invests in various industries, sectors, and sizes TXS was launched on Jul 12, 2023 and is issued by Texas Capital.