OOK Advisors Files Texas Exchange-Traded Fund with Securities and Exchange Commission

Share This Article
April 28, 2009 8:47am NYSE:TXF

texasWell, it does not take a genius to assume that we will be seeing more of these. It is only a matter of time for all the States to establish an ETF of their own to offer investment opportunities for their local economies.

Oklahoma-based OOK Advisors, a sister company of Capital West Securities, recently filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Texas Exchange-Traded Fund. The Fund is expected to be traded on the NYSE Arca under the stock symbol “TXF.” The initial paperwork was filed with the SEC in January.

 The fund will be made up exclusively of stocks issued by Texas’s publicly traded companies. TXF is expected to be one of the first state-based equity Exchange Traded Funds (ETF) to “ring the bell” and begin trading.

“We believe there are some outstanding companies in Texas with proven abilities that will make this fund a great vehicle to invest in Texas with us,” said Keith Geary, chairman of the Geary Companies.

Full Story: http://news.morningstar.com/newsnet/viewnews.aspx?article=/bw/20090424005638_univ.xml

9 "BUY THE DIP" Growth Stocks For 2020

Read Next

Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories