Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Up 0.9% – What’s Next?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS)’s share price shot up 0.9% during trading on Monday. The stock traded as high as $42.34 and last traded at $42.23. Approximately 4,735 shares changed hands during trading, an increase of 57% from the average session volume of 3,018 shares. The stock had previously closed at $41.85.

Texas Capital Texas Equity Index ETF Stock Performance

The company has a market capitalization of $39.88 million, a P/E ratio of 20.54 and a beta of 0.87. The company’s fifty day simple moving average is $41.97 and its 200-day simple moving average is $40.29.

Texas Capital Texas Equity Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th were paid a $0.0921 dividend. This represents a $0.37 annualized dividend and a yield of 0.9%. This is a positive change from Texas Capital Texas Equity Index ETF’s previous quarterly dividend of $0.0873. The ex-dividend date was Friday, September 25th.

Institutional Investors Weigh In On Texas Capital Texas Equity Index ETF

An institutional investor recently bought a new stake in Texas Capital Texas Equity Index ETF stock. Ameritas Advisory Services LLC bought a new position in shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $40,000. Ameritas Advisory Services LLC owned 0.11% of Texas Capital Texas Equity Index ETF as of its most recent SEC filing.

Texas Capital Texas Equity Index ETF Company Profile

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.