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 Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS: KNG), for which Esposito provided initial seed capital.
Based on the performance of the S&P 500 Dividend Aristocrats Index, plus an options writing component, KNG launched on March 27, 2018, and traded 83,991 shares on its first day. Since going live, the fund has continued to see strong volume, averaging more than 44,000 shares traded per day.
“We greatly appreciate having worked on the successful launch of the KNG ETF, and we congratulate the team at CBOE VEST,” said Mark Esposito, CEO of Esposito Securities, LLC. “We are excited about the opportunity to work with them over the long term.”
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 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.
“From its inception, Esposito Securities has offered value-added products and services which assist in driving ETF growth. As ETFs have evolved into a larger and separately identifiable asset class, we have proactively offered services that add value via technology, operations and trading. Fund managers and traders actively engage Esposito for new solutions daily,” added Esposito. “We’re always thinking about our lineup of products and services, and looking at ways we can continue to deliver value and solutions to our clients and the investor community.”
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.