Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Stock Price Down 0.1% – Time to Sell?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) shares dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $35.99 and last traded at $36.04. Approximately 3,814 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 4,041 shares. The stock had previously closed at $36.09.

Texas Capital Texas Equity Index ETF Price Performance

The stock has a market capitalization of $33.16 million, a P/E ratio of 20.54 and a beta of 1.06. The firm has a 50-day simple moving average of $36.08 and a 200 day simple moving average of $35.21.

Texas Capital Texas Equity Index ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 26th were issued a $0.0777 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, September 26th.

Institutional Investors Weigh In On Texas Capital Texas Equity Index ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Astoria Portfolio Advisors LLC. raised its stake 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 valued at $1,156,000 after acquiring an additional 931 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings 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 valued at $1,130,000 after purchasing an additional 7,045 shares during the period. Concorde Financial Corp bought a new position in Texas Capital Texas Equity Index ETF during the 2nd quarter worth $104,000. Ameritas Advisory Services LLC acquired a new position in Texas Capital Texas Equity Index ETF during the 2nd quarter worth about $35,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Texas Capital Texas Equity Index ETF during the 1st quarter worth about $1,015,000.

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.