Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Trading Down 1% – Time to Sell?

Shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) dropped 1% during mid-day trading on Monday . The stock traded as low as $34.54 and last traded at $34.54. Approximately 3,410 shares changed hands during trading, an increase of 16% from the average daily volume of 2,948 shares. The stock had previously closed at $34.88.

Texas Capital Texas Equity Index ETF Price Performance

The company’s 50-day moving average price is $32.35 and its 200-day moving average price is $30.49. The company has a market cap of $27.08 million, a P/E ratio of 18.09 and a beta of 0.94.

Texas Capital Texas Equity Index ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 26th were paid a $0.0944 dividend. This is a boost from Texas Capital Texas Equity Index ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

A hedge fund recently bought a new stake in Texas Capital Texas Equity Index ETF stock. Astoria Portfolio Advisors LLC. bought a new position in shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,983 shares of the company’s stock, valued at approximately $233,000. Astoria Portfolio Advisors LLC. owned about 1.02% of Texas Capital Texas Equity Index ETF at the end of the most recent quarter.

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.