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Lam Research

Level Four Large Cap Growth Active ETF

LGRO is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector.

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

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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

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.

Interest Rate Cuts Could Benefit This Active ETF

If the market narrative in 2023 has meant anything, it's the marked rise in interest and flows for active ETFs. Active strategies offer significant benefits that have stood out in an uncertain landscape.

As Actives Rise, Eye Active Growth ETF LGRO

It's been a complicated year so far for growth investing. On the one hand, value mavens entering 2023 likely did not expect growth to prove so resilient.

Three Firms to Watch in Active Growth ETF LGRO

O'Shares US Small-Cap Quality Dividend ETF

ALPS Sector Dividend Dogs ETF

SS&C ALPS Advisors launched a new ETF on Wednesday, an active large-cap ETF to add to its roster. Collaborating with Level Four Capital Management, the firm has added the Level Four Large Cap Growth Active ETF (LGRO) to its ETF suite.

SS&C ALPS Advisors Launches Active Large-Cap ETF

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The Fund can allocate to companies or sectors in response to changing economic or market conditions DENVER , Aug. 23, 2023 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with Level Four Capital Management to launch the Level Four Large Cap Growth Active ETF (Nasdaq: LGRO), an active, large-cap equity ETF. "ALPS Advisors is recognized for its collaboration with world-class sub-advisors, and our Level Four Capital Management partnership continues this tradition," said Laton Spahr, President of SS&C ALPS Advisors.

News for Level Four Large Cap Growth Active ETF ETF (LGRO)