Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Trading 1.4% Higher – Here’s Why

Shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) shot up 1.4% during mid-day trading on Monday . The company traded as high as $37.98 and last traded at $37.98. 366 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,352 shares. The stock had previously closed at $37.45.

Texas Capital Texas Equity Index ETF Stock Performance

The company has a 50 day simple moving average of $38.03 and a two-hundred day simple moving average of $36.76. The firm has a market cap of $33.42 million, a PE ratio of 20.54 and a beta of 1.06.

Texas Capital Texas Equity Index ETF Increases Dividend

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

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Concorde Financial Corp purchased a new position in Texas Capital Texas Equity Index ETF during the 2nd quarter worth approximately $104,000. U.S. Capital Wealth Advisors LLC increased its stake in shares of 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 worth $1,130,000 after acquiring an additional 7,045 shares during the period. Astoria Portfolio Advisors LLC. increased its stake in shares of Texas Capital Texas Equity Index ETF by 3.0% in the third quarter. Astoria Portfolio Advisors LLC. now owns 31,664 shares of the company’s stock worth $1,156,000 after acquiring an additional 931 shares during the period. Optima Capital LLC purchased a new position in shares of Texas Capital Texas Equity Index ETF during the fourth quarter worth $37,000. Finally, Ankerstar Wealth LLC purchased a new position 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.