- Business
- AdvisorShares HVAC and Industrials ETF (HVAC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in companies operating within the heating, ventilation, air conditioning (HVAC), plumbing, and broader industrials sectors. The ETF provides exposure to a diversified portfolio of domestic and international equities, including manufacturers of HVAC equipment and systems such as residential and commercial air conditioners, furnaces, heat pumps, ventilation units, and related components; providers of plumbing products and services; and industrials firms involved in building products, electrical equipment, construction machinery, and industrial distribution. It employs a fundamental research-driven approach to select securities based on growth potential, valuation, and industry trends, with holdings typically including leading brands like Carrier Global Corp., Trane Technologies plc, Lennox International Inc., Watsco Inc., and Comfort Systems USA Inc., among others.
Headquartered in Bethesda, Maryland, AdvisorShares Investments, LLC, the sponsor and manager of the HVAC ETF, was founded in 2011 and oversees a range of actively managed ETFs targeting niche investment themes. The fund operates primarily in U.S. markets but includes global industrials exposure across North America, Europe, and Asia-Pacific regions, targeting institutional and retail investors seeking thematic exposure to infrastructure modernization, energy efficiency, and building technology megatrends. HVAC maintains a flexible portfolio construction, with sector allocations emphasizing building products (HVAC systems, plumbing fixtures), electrical equipment, and diversified industrials, while adhering to ETF regulations under the Investment Company Act of 1940.
In recent developments, AdvisorShares launched the HVAC ETF in late 2023 to capitalize on rising demand for energy-efficient HVAC solutions amid regulatory shifts toward decarbonization and smart buildings. The fund expanded its holdings in 2024 to incorporate AI-driven building automation leaders following strategic portfolio adjustments. No major acquisitions, funding rounds, or name changes have been reported for AdvisorShares or the HVAC ETF within the last two years, reflecting stable operations amid growing assets under management driven by sector tailwinds.