Esposito Securities has provided the initial seed capital for the recent launch of the Cambria Trinity ETF (TRTY).
TRTY launched on 12 September 2018, and traded 28,370 shares on its first day. Since going live, the fund has continued to see strong volumes, averaging more than 41,417 shares traded per day.
Meb Faber, CEO of Cambria Investment Management, says: “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 characterises so many unbalanced portfolios.”
“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.” says 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.”