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Level Four Large Cap Growth Active ETF

LGRO

Market cap $139M

46.34 USD

-0.71

1.51%

At close Updated Sep 8, 4:00 PM EDT

1 day

-1.51%

5 days

-1.7%

1 month

-2.54%

3 months

7.84%

6 months

19.53%

Year to date

12.78%

1 year

17.76%

5 years

83.16%

10 years

83.16%

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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