BlackRock launched the iShares Texas Equity ETF, 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%.
