EntrepreneurShares Series Trust Private Public Crossover ETF (XOVR) Cotización

New PR, Just increased Spacex shares to 11Percent 108,000 shares,

"https://www.prnewswire.com/news-releases/xovr-etf-expands-spacex-investment-with-additional-13m-raising-position-to-11-of-aum-302365606.html"

They should be able to get to 15Percent their limit.

Boing X 2

Found out that FCNTX, Fidelity Contra Fund, holds 1,106,000 shares of Spacex. That pleases me along with their other holdings.

Boing X 2

Around 700k shares held by institutional investors according to 13f's filed. A total of 13,900,000 shares outstanding per their website. That is minuscule in the overall picture.

It sounds like they are going to add other private companies in the future when possible.

I like that they have other companies to smooth things out.

Boing X 2

Just found out about this stock yesterday on the Charles Payne show. Added shares on the dip this am.

Great to get in before everyone else finds out Spacex in this ETF.

Boing X 2

XOVR: And THANKS for tip about XOVR, since I was CLUELESS that it even existed!!

Space X about 10% of their holdings is the attraction 

 XOVR's recent addition of SpaceX as its top holding underscores the ETF industry's efforts to tap into the $14 trillion private-asset market, which has been mostly inaccessible to retail investors. He further noted that since the inclusion of SpaceX, XOVR has attracted $116 million in inflows, quadrupling its assets. CNBC confirmed last month that SpaceX hit a $350 billion valuation based on a secondary share sale. The round did not include raising new capital. SpaceX's soaring valuation comes as the company dominates the global space race with a near-monopoly on the global satellite launch market. Yet SpaceX is a private company. 

A private company is the largest holding in an ETF for the first-time ever as XOVR has a 9% weighting to Elon Musk's SpaceX via a special purpose vehicle. XOVR isn't a new ETF per se, but it recently changed strategy to focus on entrepreneurial companies, including those that are closely held. SEC rules limit such holdings to no more than 15% of the fund

Since converting to its public-private strategy and adding SpaceX, XOVR has taken in $116 million, quadrupling its assets. This evidence of investor interest will likely only embolden other ETFs to try the same. XOVR's performance has helped, as the ETF is up 23% since switching to a public-private crossover strategy, which is about double QQQ and triple SPY. It's also besting ARK Venture, an interval fund that also has a big holding in SpaceX. Though an interval fund may arguably be the better format to deliver private-company exposure to retail, it's not the preferred format for these investors. They have shown they want it in ETFs -- even if that means bigger premiums and discounts. The fact that XOVR already has doubled ARKVX shows this. Balchunas has found a way for investors to own SpaceX through a private-public crossover ETF. 

XOVR: Another one of my iHub Board 'creations'. (ENJOY!!!)

"XOVR, which stands for "ERShares Crossover ETF," is a company that operates an exchange-traded fund (ETF) allowing investors to access both public and private equity securities, essentially giving retail investors the opportunity to invest in companies like SpaceX, which are typically only accessible to institutional investors with high net worth; it essentially "democratizes" private equity by offering daily liquidity and transparency in a single fund."