XOVR ETF Increases Its Investment By $13M, Bringing SpaceX's Total Allocation To 11% Of AUM

The XOVR ETF by ERShares, the only exchange-traded fund providing exposure to private equity, has further strengthened its position in SpaceX, the fund's largest holding. The fund increased its investment by $13 million, bringing SpaceX's total allocation to 11% of AUM.

XOVR ETF is uniquely designed to invest in entrepreneurial U.S. large-cap companies, leveraging the ER30TR Index (Entrepreneur Total Return Index), which is based on ERShares' Proprietary Venture Capital Model. The model was developed over the past 20 years by Dr. Joel Shulman, CEO/CIO of ERShares. Dr. Shulman, an early identifier of today's Magnificent 7, is now focused on uncovering the next generation of disruptive companies, sometimes investing pre-IPO.