Source Exchange Traded Investments said Thursday it will shutter its first U.S.-listed exchange traded fund, the Source EURO STOXX 50 ETF (NYSEArca: ESTX).

“The last day of trading of the Fund’s shares on the NYSE Arca will be April 10, 2015. Shareholders may sell Fund shares through a broker in the standard manner through this date. Customary brokerage charges may apply to such transactions. The Fund will be closed to new investors as of April 10, 2015. Between April 10, 2015 and April 17, 2015, the Fund will be in the process of liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the prospectus,” according to a statement issued by Source.

ESTX, which debuted last September, had $19.2 million in assets under management as of March 25, according to Source data. With an expense ratio of 0.16%, ESTX is one of the least expensive Europe ETFs trading in the U.S.

The EURO STOXX 50 Index, which is one of the most widely followed developed market benchmarks in the world after the S&P 500. France and Germany combine for over two-thirds of that index’s weight. Top holdings in the index include France’s Total (NYSE: TOT), Europe’s third-largest oil company, and French pharmaceuticals giant Sanofi (NYSE: SNY). [Source Europe ETF Debuts]

Earlier this year, on 12 January 2015, Source Exchange Traded Investments LLC, along with Source ETF Trust and Fund Source (US) LLC, filed an application for exemptive relief in relation to managing passive funds, according to the statement.

Source is one of the fastest growing ETF providers in Europe with $19 billion in assets under management. The firm has 80 Europe-listed ETFs across multiple asset classes.

In 2014, approximately 80 ETFs closed while issuers brought nearly 205 new products to market. This year, about 20 U.S. ETFs have been closed.