XOVR ETF Expands SpaceX Investment, Raising Position to 11% of AUM
- Editor
- Jan 31, 2025
- 1 min read
What's Happening: The XOVR ETF by ERShares has increased its investment in SpaceX by $13 million, bringing the company's total allocation to 11% of the fund's assets under management. This move further solidifies SpaceX's position as the fund's largest holding.
The Key Moves:
XOVR ETF added $13 million to its SpaceX investment, now 11% of AUM.
The fund uses the ER30TR Index for 85%+ of its weight, focusing on entrepreneurial US large-cap companies.
XOVR ETF aims to provide retail investors access to private equity opportunities.
By The Numbers :
SpaceX allocation increased to 11% of XOVR ETF's AUM.
XOVR ETF uses ER30TR Index for over 85% of the fund's weight.
ERShares' Proprietary Venture Capital Model developed over 20 years.
Key Quotes:
"We have no plans to alter SpaceX's position as our top holding anytime soon," states Dr. Joel Shulman, CEO/CIO of ERShares.
"Our goal is to provide retail investors with the same opportunities, pari passu, as institutional players," Shulman adds.
"We have high conviction that SpaceX and Starlink are positioned to be the dominant forces in space exploration and global connectivity," says Eva Ados, COO and Chief Investment Strategist at ERShares.
The Bottom Line: XOVR ETF's increased investment in SpaceX demonstrates its commitment to providing retail investors access to high-growth private equity opportunities. The fund's focus on entrepreneurial companies and its use of a proprietary investment model sets it apart in the ETF market.
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