DALLAS–(BUSINESS WIRE)–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 the recent successful launch of the Cambria Trinity ETF (NYSE:TRTY), for which Esposito provided initial seed capital.
TRTY launched on September 12, 2018, and traded 28,370 shares on its first day. Since going live, the fund has continued to see strong volume, averaging more than 41,417 shares traded per day.
Meb Faber, CEO of Cambria Investment Management said “We’re incredibly excited about our new Trinity ETF. Whereas our other funds have largely offered effectives solutions for investors looking to target certain factors or market exposures, Trinity is a more holistic investment solution. We believe it’s a fantastic replacement for the ‘investment soup’ approach that characterizes so many unbalanced portfolios.”
He went on to say “This is a great time to be an investor, with fees dropping throughout the industry while new investment platforms are making everything more convenient. We’re thrilled to be a part of this through our new Trinity ETF offering. It’s a no-management fee, a low-all-in cost way for investors to own a single security that, we believe, provides many of the same benefits as a broad, well-diversified global portfolio.”
“We greatly appreciate having worked on the successful launch of the TRTY ETF, and we congratulate the team at Cambria Investment Management for their success.” said Mark Esposito, CEO of Esposito Securities, LLC. “We are excited about Cambria continuing to add to their ETF product suite as they continue to grow.”
The team at Esposito has played a major role in helping its ETF sponsor clients prosper during the recent, unprecedented growth in the ETF industry. Throughout its 12-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.
“As the ETF industry has grown and matured, so too has its need for innovative technology, operations and trading solutions, and we’re very proud to have provided those services and more to so many fast-growing ETF providers,” added Esposito. “The last decade-plus has been an incredibly exciting time to be part of the world of ETFs and we look forward to helping our existing clients and new clients build their own footprint in this vibrant space.”
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.
At Cambria, we believe everyone should have access to fair and thoughtful investment solutions. We believe fees matter, so we serve you best by helping keep more of your dollars in your own pocket. And we believe buy-and-hold is a great start to growing wealth – yet one upon which we can improve.
Underpinning all these beliefs is one core idea: We’re only as successful as our ability to listen and understand your goals, then provide an investing experience that makes a positive difference in your finances and your life. Let us know how we can help you today.