Investors are taking stock in Texas these days—and not just for the planned launch of the Texas Stock Exchange and NYSE Texas and Nasdaq’s new regional HQ in Dallas. They’re interested in the companies that are headquartered here and that continue to relocate to North Texas and beyond. Well, now there’s an ETF that lets investors “buy Texas” with a single click.

BlackRock, the New York-based global investment giant, has launched the iShares Texas Equity exchange-traded fund (Nasdaq:TEXN). The ETF invests in U.S. companies headquartered in Texas, providing investors targeted exposure to “a dynamic state economy.”

“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,” Joe DeVico, head of the Americas Client Business at BlackRock, said in a statement.

ETF features dozens of DFW companies

Among TEXN’s nearly 200 holdings, the ETF will invest in Dallas-based companies including AT&T, Texas Instruments, Comerica, Match Group, Digital Realty Trust, Copart, CBRE Group, Atmos Energy, Invitation Homes, Texas Pacific Land Corp., Southwest Airlines, and Tenet Healthcare, among others. Across Dallas-Fort Worth, local companies make up around 35% of the ETF’s list, the Dallas Morning News noted. Texas leads the U.S. in business and population expansion, and the state is home to 1 in 10 publicly traded companies in the U.S., according to data from Governor Greg Abbott’s office.

Since 2015, more than 300 companies have moved their headquarters to the Lone Star State, bolstering its role as a leader in energy, technology, industrials, and more.

Simplifying access to the world’s 8th largest economy

It’s not just companies—people have been racing here, too. Texas ranked first in population growth in 2024, surpassing 31 million in total population, BlackRock noted.

All that momentum has helped make Texas the eighth largest economy in the world by GDP on a standalone basis. 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%, according to the governor’s office.

Offering ‘more choice’

“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 said it manages nearly $380 billion in assets in public companies in Texas, including $115 billion in Texas oil and gas companies, making it one of the largest investors in the Lone Star State. The firm added that there are 2.2 million Texas-based investor accounts served through iShares ETFs.

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