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.
Chris Sullivan/Rosa Sobrino