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Westwood Launches Westwood Salient Enhanced Power & Infrastructure ETF (PWRX), the First ETF to Launch on the Texas Stock Exchange

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  • Westwood Holdings Group launched the Westwood Salient Enhanced Power & Infrastructure ETF (PWRX) on the Texas Stock Exchange (TXSE), marking the first new ETF listing on the venue.
  • PWRX is an actively managed ETF designed to capitalize on accelerating US electricity demand driven by AI, data centers, & industrial reshoring.
  • The fund invests across the power ecosystem, including traditional energy, utilities, grid infrastructure, data-center infrastructure, & next-generation energy technologies.
  • PWRX employs a high-conviction equity portfolio managed by Westwood's Houston-based Energy Team, combined with a systematic covered call overlay to generate monthly income.
  • Brian Casey, CEO of Westwood Holdings Group, stated the launch reflects the firm's commitment to Texas-based innovation & leadership in capital markets.
  • James H Lee, CEO of the Texas Stock Exchange, described the debut as a historic moment for Texas capital markets.
  • Key features of PWRX include an actively managed portfolio of power & infrastructure companies, a single-stock covered call options overlay, potential monthly income distributions, & potential capital appreciation.
  • PWRX joins the Westwood Enhanced Income Series™ alongside the MDST, WEEI, & YLDW ETFs.
  • The fund faces specific risks related to energy sector volatility, electricity regulation, oil & gas price fluctuations, midstream operations, marine shipping, nuclear industry safety, & geopolitical instability.