Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Trading 1.4% Higher – Still a Buy?

Shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) traded up 1.4% during mid-day trading on Monday . The company traded as high as $31.26 and last traded at $31.26. 1,285 shares were traded during trading, a decline of 58% from the average session volume of 3,096 shares. The stock had previously closed at $30.82.

Texas Capital Texas Equity Index ETF Stock Performance

The business’s 50-day moving average price is $32.79 and its 200-day moving average price is $32.45. The stock has a market cap of $28.88 million, a P/E ratio of 17.58 and a beta of 0.94.

Institutional Investors Weigh In On Texas Capital Texas Equity Index ETF

A number of hedge funds have recently modified their holdings of TXS. Astoria Portfolio Advisors LLC. grew its position in shares of Texas Capital Texas Equity Index ETF by 46.2% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 19,915 shares of the company’s stock valued at $656,000 after acquiring an additional 6,291 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Texas Capital Texas Equity Index ETF by 11.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 21,563 shares of the company’s stock valued at $701,000 after buying an additional 2,177 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in Texas Capital Texas Equity Index ETF in the 4th quarter worth $49,000.

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.