BlackRock Launches Texas ETF, Opens Greater Access to Invest in Growing Texas Economy
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 publicly traded companies in the U.S. 1 Since 2015, more than 300 companies have moved their headquarters to the state, 2 reinforcing its role as a national leader across sectors such as energy, technology, and industrials. In addition, Texas ranked first in population growth in 2024, surpassing 31 million in total population. 3
Now the eighth largest economy in the world by GDP on a standalone basis, Texas has demonstrated strong economic momentum in recent years. In 2024, the state's GDP reached a record $2.7 trillion, growing at an annualized rate of 3.5% in the fourth quarter, outpacing the national average of 2.4%. 4
'TEXN presents a new opportunity for Texans, and investors across the country, to invest in nearly 200 companies powering the state's economy and to capitalize on Texas' twin engines of business and population growth,' said Joe DeVico, Head of the Americas Client Business at BlackRock.
Simplifying access to the Texas economy through TEXN
TEXN joins BlackRock's deep bench of geography-based product offerings, including over 60 mutual funds and ETFs with over $100 billion in assets under management, that target a single-country or region. 5
'With over 400 ETFs in the U.S., iShares provides access to nearly every corner of the market to meet our clients' financial goals,' said Elise Terry, Head of U.S. iShares at BlackRock. 'TEXN offers more choice to investors seeking convenient, tax-efficient, and transparent ways to build portfolios that reflect their investment views.'
BlackRock manages close to $380 billion in assets in public companies in Texas, 6 including $115 billion in Texas oil and gas companies, making it one of the largest investors in the state. 7 Today, there are 2.2 million Texas-based investor accounts served through iShares ETFs, and with TEXN, Texas-based clients now have a new way to invest in the state's economy through iShares. 8
About BlackRock
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter @blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Russell, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Russell.
The iShares and BlackRock Funds are distributed by BlackRock Investments, LLC (together with its affiliates, 'BlackRock').
© 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
1, 2, 3, 4 Office of the Texas Governor, as of May 2025.
5 BlackRock, as of May 2025.
6, 7, 8 BlackRock. For more information, visit the BlackRock in Texas page.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Equity Bancshares, Inc. Will Announce Second Quarter 2025 Results on July 14, 2025
WICHITA, Kan., June 24, 2025--(BUSINESS WIRE)--Equity Bancshares, Inc. (NYSE:EQBK), ("Equity"), the Wichita-based holding company of Equity Bank, will release its second quarter financial results on Monday, July 14, 2025, with a press release issued after market close. Equity Chairman and Chief Executive Officer Brad Elliott and Chief Financial Officer Chris Navratil will hold a conference call and webcast to discuss earnings results on Tuesday, July 15, 2025 at 10 a.m. eastern time or 9 a.m. central time. Those wishing to participate in the conference call should call the applicable number below and reference the Access Code below. United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers Access Code: 671814 To eliminate wait times, conference call participants may pre-register using this registration link. After registering, a confirmation with access details will be sent via email. A replay of the call and webcast will be available two hours following the close of the call until July 22, 2025, accessible at Webcast URL: About Equity Bancshares, Inc. Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth management services and treasury management services, while delivering the high-quality, relationship-based customer service of a community bank. Equity's common stock is traded on the New York Stock Exchange under the symbol "EQBK." Learn more at Special Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of Equity's management with respect to, among other things, future events and Equity's financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity's control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity's expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses; and similar variables. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Equity's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025, and any updates to those risk factors set forth in Equity's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity's underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equity's behalf may issue. View source version on Contacts Media Contact: Russell ColburnPublic Relations & Communications ManagerEquity Bancshares, Inc.(913) 583-8011rcolburn@ Investor Contact: Brian J. KatzfeyVP, Director of Corporate Development and Investor RelationsEquity Bancshares, Inc.(316) 858-3128bkatzfey@ Sign in to access your portfolio
Hamilton Spectator
16 minutes ago
- Hamilton Spectator
Canada Day pancake special at IHOP — and other Niagara eateries serving sweet stacks
IHOP may not be a Canadian brand, but it is offering a deal just for Canadians. From Monday, June 30, to Wednesday, July 2, local IHOP restaurants will offer a stack of red and white buttermilk pancakes for 56 cents. Participating IHOP restaurants will be offering a stack of red and white pancakes for 56 cents from June 30 to July 2. The special comes drizzled with maple syrup, glazed strawberries and whipped cream. All participating locations will be open Canada Day. Here are also five Canadian spots where you can enjoy pancakes Canada Day weekend. Flying Saucer Restaurant in Niagara Falls. The building is designed like its namesake, and is best known for its breakfast menu. The restaurant also has an early bird breakfast special available 6 a.m.-10 a.m. Location: 6768 Lundy's Lane, Niagara Falls Phone: 905-356-4553 A Niagara spot that offers blueberry and chocolate chip pancakes, along with an all-day breakfast menu. Location: 8123 Lundy's Lane, Niagara Falls Phone: 905-356-5527 Stacked Pancake & Breakfast House is a good Canadian option with two locations in the Niagara region. This chain has a greasy spoon vibe and a breakfast menu that includes pancake stacks with options such as strawberry cheesecake and cinnabun pancakes. There are also gluten-free options. Locations: 7190 Morrison St., Niagara Falls. Phone: 905-357-5700 6840 McLeod Rd., Niagara Falls. Phone 905-356-3636 Pancakes from Stacked Pancake. After starting as a snack bar in Quebec, Cora is now a countrywide chain. Aside from breakfast classics such as omelette and eggs benedict, it also serves pancakes, including its triple chocolate and strawberry banana options. Location: 210 Glendale Ave., St. Catharines Phone: 905-397-4397 Red velvet pancakes and Reese's peanut butter cup pancakes made by Pur and Simple. Another Quebec-based chain, it is well known for its brunch offerings and fresh smoothies. It also offers pancake flavours that include espresso, chocolate and triple berry. Locations: 3770 Montrose Rd., Niagara Falls. Phone: 289-296-6167 290 Glendale Ave., St. Catharines. Phone: 905-227-4955
Business Wire
18 minutes ago
- Business Wire
Equity Bancshares, Inc. Will Announce Second Quarter 2025 Results on July 14, 2025
WICHITA, Kan.--(BUSINESS WIRE)--Equity Bancshares, Inc. (NYSE:EQBK), ('Equity'), the Wichita-based holding company of Equity Bank, will release its second quarter financial results on Monday, July 14, 2025, with a press release issued after market close. Equity Chairman and Chief Executive Officer Brad Elliott and Chief Financial Officer Chris Navratil will hold a conference call and webcast to discuss earnings results on Tuesday, July 15, 2025 at 10 a.m. eastern time or 9 a.m. central time. Those wishing to participate in the conference call should call the applicable number below and reference the Access Code below. United States (Local): +1 404 975 4839 United States (Toll-Free): +1 833 470 1428 Global Dial-In Numbers Access Code: 671814 To eliminate wait times, conference call participants may pre-register using this registration link. After registering, a confirmation with access details will be sent via email. A replay of the call and webcast will be available two hours following the close of the call until July 22, 2025, accessible at Webcast URL: About Equity Bancshares, Inc. Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth management services and treasury management services, while delivering the high-quality, relationship-based customer service of a community bank. Equity's common stock is traded on the New York Stock Exchange under the symbol 'EQBK.' Learn more at Special Note Concerning Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of Equity's management with respect to, among other things, future events and Equity's financial performance. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'will likely result,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'project,' 'forecast,' 'goal,' 'target,' 'would' and 'outlook,' or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity's control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity's expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses; and similar variables. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to 'Cautionary Note Regarding Forward-Looking Statements' and 'Risk Factors' in Equity's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025, and any updates to those risk factors set forth in Equity's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity's underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equity's behalf may issue.
