Oklahoma & Texas ETFs To Lower Expense Ratios (OOK, TXF)

You may recall the ETF Professor mentioning the Oklahoma and Texas-specific ETFs that started trading a couple of weeks ago. Unique ideas to be sure, but given the presence of energy companies in both states, the Oklahoma Exchange-Traded Fund (NYSE: OOK) and the TXF Large Companies Exchange-Traded Fund (NYSE: TXF) are essentially energy ETFs.

The Oklahoma and Texas ETFs previoulsy had expense ratios of 0.85%. That was the knock on these offerings when they came to market, but Geary Advisors, the issuer behind these ETFs, is lowering the expense ratios on both ETFs to 0.20%.

That new expense ratio is actually below that of the SPDR Energy Select Sector Fund (NYSE: XLE), which charges 0.21%. The Professor isn't commenting on the future success or problems with these ETFs, he's just telling you that they are now cheaper to own.