Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Down 0.1% – Here’s What Happened

Shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) were down 0.1% during mid-day trading on Friday . The stock traded as low as $38.73 and last traded at $39.00. Approximately 6,708 shares were traded during trading, an increase of 97% from the average daily volume of 3,400 shares. The stock had previously closed at $39.02.

Texas Capital Texas Equity Index ETF Price Performance

The company has a market cap of $34.32 million, a PE ratio of 20.54 and a beta of 1.06. The stock has a 50 day simple moving average of $37.30 and a two-hundred day simple moving average of $36.39.

Texas Capital Texas Equity Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.081 per share. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from Texas Capital Texas Equity Index ETF’s previous quarterly dividend of $0.08.

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Optima Capital LLC purchased a new stake in Texas Capital Texas Equity Index ETF during the 4th quarter valued at approximately $37,000. Concorde Financial Corp acquired a new position in shares of Texas Capital Texas Equity Index ETF in the second quarter valued at approximately $104,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Texas Capital Texas Equity Index ETF by 29.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 30,828 shares of the company’s stock worth $1,130,000 after purchasing an additional 7,045 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in shares of Texas Capital Texas Equity Index ETF by 3.0% during the third quarter. Astoria Portfolio Advisors LLC. now owns 31,664 shares of the company’s stock worth $1,156,000 after purchasing an additional 931 shares during the period. Finally, Ankerstar Wealth LLC acquired a new stake in shares of Texas Capital Texas Equity Index ETF during the fourth quarter worth $1,366,000.

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.