Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Down 0.6% – Should You Sell?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) was down 0.6% during mid-day trading on Thursday . The stock traded as low as $36.56 and last traded at $36.56. Approximately 3,477 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 4,350 shares. The stock had previously closed at $36.79.

Texas Capital Texas Equity Index ETF Trading Down 0.6%

The firm’s 50-day moving average is $35.47 and its 200-day moving average is $33.66. The firm has a market cap of $34.37 million, a price-to-earnings ratio of 20.54 and a beta of 1.07.

Texas Capital Texas Equity Index ETF Dividend Announcement

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

Institutional Trading of Texas Capital Texas Equity Index ETF

Several hedge funds have recently bought and sold shares of the business. Concorde Financial Corp acquired a new stake in Texas Capital Texas Equity Index ETF in the 2nd quarter valued at $104,000. Astoria Portfolio Advisors LLC. grew its position in 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 valued at $1,068,000 after purchasing an additional 9,107 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Texas Capital Texas Equity Index ETF in the 2nd quarter valued at $35,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Texas Capital Texas Equity Index ETF in the 1st quarter valued at $1,015,000. Finally, U.S. Capital Wealth Advisors LLC grew its position in 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 valued at $753,000 after purchasing an additional 2,457 shares during the period.

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.