Westwood Launches First New ETF on Texas Stock Exchange
Westwood Holdings listed PWRX on the Texas Stock Exchange on September 17, 2026, making it the venue's first new ETF debut. The actively managed fund targets power and infrastructure demand tied to AI and data centers. It uses covered calls for income, which can limit gains if power stocks rally sharply.
Westwood Holdings Group, a Dallas asset manager, introduced PWRX on the Texas Stock Exchange on Sept. 17, 2026. The venue had already attracted funds that moved their main listings, but this was its first ETF debut. The actively managed fund is run by Westwood’s Houston energy team and spans utilities, traditional energy, grid and data-center infrastructure, and newer energy technologies.
PWRX combines a stock portfolio chosen by managers with monthly covered-call sales. Its disclosures flag risks including concentration, counterparty, turnover, MLP, and options-related exposures. It joins Westwood’s Enhanced Income Series, which includes MDST and another energy-income fund. Sector returns can vary widely: XLU fell almost 6% over one year yet gained 142% over ten.
The launch may signal growing investor interest in electricity infrastructure linked to AI and data centers. That could direct more capital toward utilities, grid, and energy technology projects, potentially affecting power providers and consumers. Income-focused investors may gain monthly cash but face capped upside if power stocks rally. Because the fund is new and specialized, its broader societal impact remains uncertain.