iShares Texas Equity ETF
TEXN
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Jun 24, 2025
- Website
- ishares.com
- Similar Companies
- Business
- iShares Texas Equity ETF (TEXN) is an exchange-traded fund that seeks to track the investment results of the Russell Texas Equity Index, which comprises U.S. companies headquartered in the State of Texas; the fund provides investors with targeted exposure to nearly 200 Texas-based public companies across sectors including energy, technology, industrials, consumer discretionary, and financials, with top holdings featuring prominent names such as Tesla, ExxonMobil, Oracle, Chevron, and AT&T; it offers a low expense ratio of 0.20%, daily liquidity on NASDAQ, tax-efficient structure, and portfolio characteristics including a weighted average market capitalization reflective of Texas's dynamic economy. Launched by BlackRock on June 24, 2025, TEXN represents the latest major development as a new product addition to the iShares lineup, expanding BlackRock's geography-based offerings that include over 60 mutual funds and ETFs managing more than $100 billion in assets focused on single countries or regions; this launch enables greater access for retail and institutional investors to Texas's $2.7 trillion economy—the eighth largest globally—capitalizing on the state's business relocations, population growth, and strengths in energy and technology; no subsequent acquisitions, partnerships, or reorganizations have been reported for the fund since inception, with assets under management reaching approximately $13 million as of recent data. The ETF operates primarily in the U.S. equity market, targeting Texas-headquartered issuers to deliver diversified exposure to the state's economic landscape; it is managed by BlackRock Fund Advisors as part of the iShares brand, with no subsidiaries or parent company relationships beyond BlackRock, Inc., the world's largest asset manager headquartered in New York; TEXN serves a broad investor base including Texans holding 2.2 million iShares accounts and national investors seeking regional growth opportunities.