Esposito celebrates its seeding of Pacer US Export Leaders ETF
Esposito Securities, LLC (‘Esposito’), a provider of ETF seed capital, and other key services to both the asset management industry and institutional investors, has published a note on the recent launch of the Pacer US Export Leaders ETF (NYSE: PEXL), for which Esposito provided initial seed capital.
The firm writes that PEXL launched on July 24, 2018, and traded 100,100 shares on its first day. Since going live, the fund has continued to see strong volume, averaging more than 50,051 shares traded per day.
“We’re thrilled for the team at Pacer Funds and very pleased to have played a part in this successful launch,” says Mark Esposito (pictured), CEO of Esposito Securities, LLC. “The marketplace has clearly shown a great deal of interest in this new offering, and we look forward to continuing our partnership with Pacer to help them bring other innovative approaches to market.”
Esposito writes that its team 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.