Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Trading Up 1.4% – Time to Buy?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) was up 1.4% on Wednesday . The company traded as high as $35.92 and last traded at $35.70. Approximately 4,493 shares were traded during trading, an increase of 5% from the average daily volume of 4,294 shares. The stock had previously closed at $35.19.

Texas Capital Texas Equity Index ETF Stock Up 1.4%

The business has a fifty day simple moving average of $34.97 and a two-hundred day simple moving average of $33.10. The company has a market capitalization of $33.56 million, a price-to-earnings ratio of 20.54 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Texas Capital Texas Equity Index ETF in the 1st quarter worth approximately $1,015,000. Astoria Portfolio Advisors LLC. boosted its holdings in shares of Texas Capital Texas Equity Index ETF by 42.1% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 30,733 shares of the company’s stock worth $1,068,000 after acquiring an additional 9,107 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Texas Capital Texas Equity Index ETF by 11.4% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 24,020 shares of the company’s stock worth $753,000 after acquiring an additional 2,457 shares in the last quarter. Concorde Financial Corp acquired a new position in shares of Texas Capital Texas Equity Index ETF in the 2nd quarter worth approximately $104,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Texas Capital Texas Equity Index ETF in the 2nd quarter worth approximately $35,000.

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.