Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Up 0.9% – Here’s Why

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $37.32 and last traded at $37.22. 3,872 shares were traded during mid-day trading, an increase of 75% from the average session volume of 2,207 shares. The stock had previously closed at $36.88.

Texas Capital Texas Equity Index ETF Stock Performance

The stock has a market capitalization of $32.77 million, a PE ratio of 20.54 and a beta of 1.06. The business’s 50-day moving average price is $36.03 and its 200 day moving average price is $35.73.

Texas Capital Texas Equity Index ETF Increases Dividend

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

Institutional Trading of Texas Capital Texas Equity Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of Texas Capital Texas Equity Index ETF during the 2nd quarter valued at about $35,000. Concorde Financial Corp purchased a new stake in Texas Capital Texas Equity Index ETF in the second quarter valued at approximately $104,000. Astoria Portfolio Advisors LLC. lifted its position in Texas Capital Texas Equity Index ETF by 42.1% during the second quarter. Astoria Portfolio Advisors LLC. now owns 30,733 shares of the company’s stock valued at $1,068,000 after purchasing an additional 9,107 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Texas Capital Texas Equity Index ETF by 29.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 30,828 shares of the company’s stock worth $1,130,000 after buying an additional 7,045 shares in the last quarter.

About Texas Capital Texas Equity Index ETF

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.