iShares Texas Equity ETF

TEXN

Market cap $16.8M

As a Texan, I have always appreciated the state's advantages, but Texas is increasingly drawing attention well beyond its borders. The investment case is tied to several powerful economic themes.

The Texas state government made big news a few years back when it invoked sanctions on big institutional investor BlackRock, claiming the firm's ESG (Environment, Social, Governance) based investing strategies unfairly discriminated against the state's oil and gas energy sector. The sanctions were invoked related to a state law passed in 2021, during the height of the ESG investment boom.

DALLAS--(BUSINESS WIRE)--Today, BlackRock launched the iShares Texas Equity ETF (NASDAQ:TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund (ETF). TEXN invests in U.S. companies headquartered in Texas, providing investors targeted exposure to a dynamic state economy. Texas leads the nation in business and population expansion. As a hub for innovation and enterprise, Texas is home to 1 in 10.