Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Shares Up 0.4% – Should You Buy?

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS)’s share price shot up 0.4% during trading on Tuesday . The company traded as high as $38.40 and last traded at $38.31. 4,307 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 3,193 shares. The stock had previously closed at $38.14.

Texas Capital Texas Equity Index ETF Price Performance

The business has a 50 day moving average price of $38.19 and a 200 day moving average price of $36.95. The firm has a market capitalization of $32.95 million, a P/E ratio of 20.54 and a beta of 1.00.

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

A number of institutional investors have recently made changes to their positions in the business. 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 purchasing an additional 931 shares during the period. Optima Capital LLC bought a new position in shares of Texas Capital Texas Equity Index ETF in the fourth quarter worth about $37,000. 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 purchasing an additional 7,045 shares during the period. Finally, Ankerstar Wealth LLC bought a new position in shares of Texas Capital Texas Equity Index ETF in the fourth quarter worth about $1,366,000.

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.