Esposito Securities Provides Initial Seed Capital for Successful Launch of the Impact Shares NAACP Minority Empowerment ETF (...
25 Julho 2018 - 10:30AM
Business Wire
Fund follows Impact Shares NAACP Minority
Empowerment ETF Index
Esposito Securities, LLC (“Esposito”), a leading provider of ETF
seed capital, and other key services to both the asset management
industry and institutional investors, is celebrating this month’s
successful launch of the Impact Shares NAACP Minority Empowerment
ETF (NYSE: NACP), for which Esposito provided initial seed
capital.
NACP launched on July 19, 2018, and traded 100,310 shares on its
first day. It has since continued to see strong volume, trading on
average more than 33,647.
“With NACP, Impact Shares is continuing their innovative mission
to better align capital with meaningful social priorities.” said
Mark Esposito, CEO of Esposito Securities, LLC. “This is another
great example of the kind of creativity that continues to drive ETF
industry growth and we are excited about the opportunity to work
with Impact Shares over the long term.”
Esposito Securities has played a major role in helping its ETF
sponsor clients prosper during the recent, unprecedented growth in
the ETF industry. Throughout its 10-year history in ETFs, Esposito
has assisted funds in seeding, the creation and redemption of ETF
shares, and executing trades in the underlying securities.
Esposito offers custom and standard basket trading for ETFs as
well as seed capital, rebalance work-up and assistance, and
superior execution with the option of Post Trade and Best Execution
analytical reporting for all funds. Esposito also trades all listed
equity and index options.
“Through our best-in-class technology, operations and trading
services, we’ve helped numerous ETF sponsors come to market and
grow their footprints. At the same time, we’ve helped investors of
all types and sizes find opportunities and express their investment
ideas,” added Esposito. “We never sit still here at Esposito and
we’re constantly considering new ways in which we can deliver value
to both our fund sponsor and investor clients.”
About Esposito Securities
LLC
Our broker/dealer (http://www.espositosecurities.com) is a
financial firm trading various types of securities for
institutions. Committed to excellence, we contend with some of the
world’s largest securities firms, but when you trade with Esposito,
you are not just another number, you are part of the family. Our
approach is personal, intelligent, and thorough. We tailor our
dynamic platform to the specific needs of our clients.
The cornerstone of our success is a unique blend of advanced
trading technologies and extensive human networks which we combine
to provide our clients with premium, high-touch execution
services.
Equity trading and ETF services are offered through Esposito
Securities LLC, a broker-dealer, member FINRA/SIPC, The information
contained within is not a solicitation or an offer to buy or sell
any securities.
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version on businesswire.com: https://www.businesswire.com/news/home/20180725005101/en/
MacMillan CommunicationsChris Sullivan/Rosa
Sobrino212-473-4442chris@macmillancom.com
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