Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Down 0.1% – Should You Sell?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS)’s stock price was down 0.1% on Friday . The company traded as low as $38.73 and last traded at $39.00. Approximately 6,708 shares traded hands 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 Stock Performance

The firm has a market cap of $34.32 million, a price-to-earnings ratio of 20.54 and a beta of 1.06. The stock’s fifty day moving average is $37.30 and its two-hundred day moving average is $36.38.

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 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 was Monday, December 29th. This is a positive change from Texas Capital Texas Equity Index ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXS. Optima Capital LLC bought a new position in Texas Capital Texas Equity Index ETF during the fourth quarter worth about $37,000. Concorde Financial Corp acquired a new stake in Texas Capital Texas Equity Index ETF in the second quarter worth $104,000. U.S. Capital Wealth Advisors LLC increased its position in shares of 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 valued at $1,130,000 after buying an additional 7,045 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its position 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 bought a new position in Texas Capital Texas Equity Index ETF in the fourth quarter valued at approximately $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.