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Level Four Large Cap Growth Active ETF

LGRO

Market cap $142M

46.00 USD

-0.76

1.63%

At close Updated Oct 30, 9:39 AM EDT

1 day

-1.63%

5 days

-2.48%

1 month

-1.79%

3 months

3.49%

6 months

12.99%

Year to date

11.95%

1 year

10.82%

5 years

81.82%

10 years

81.82%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 0%

LGRO: New Large-Cap Growth ETF Fails To Impress

LGRO is a relatively new large-cap growth ETF with a 0.50% expense ratio, a 0.28% median bid-ask spread, and $86 million in assets under management. Following a proprietary high-conviction investment strategy, the fund's manager selects 40-50 securities perceived to be trading below their long-term intrinsic value. The approach supposedly emphasizes growth, value, and quality, but my fundamental analysis indicates LGRO's combination is the weakest in a peer group that includes SCHG, SPYG, SFY, and QGRO.

LGRO: New Large-Cap Growth ETF Fails To Impress

The Drivers of Active ETF Adoption

We've been marveling at the traction actively managed ETFs are enjoying this year. As a category, we've seen active ETFs take in about 1/3 of all net asset inflows year-to-date.

The Drivers of Active ETF Adoption

Interest Rate Cuts Could Benefit This Active ETF

The ongoing narrative around the strength of large-cap equities will continue to center around forthcoming rate cuts. Once the Federal Reserve receives the economic data it needs to loosen monetary policy and hit its inflation goal of 2%, it could propel growth-oriented large-cap stocks into the stratosphere.

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