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Elevation Series Trust (SOVF)
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Upturn Advisory Summary
01/21/2025: SOVF (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 2.43% | Avg. Invested days 98 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 32688 | Beta - | 52 Weeks Range 27.31 - 34.60 | Updated Date 01/22/2025 |
52 Weeks Range 27.31 - 34.60 | Updated Date 01/22/2025 |
AI Summary
ETF Elevation Series Trust Summary
Profile
ETF Elevation Series Trust (ELVT) is an actively managed exchange-traded fund launched in February 2023. It focuses on investing in US-listed common stocks of companies within the technology, healthcare, and consumer discretionary sectors. The ETF employs a multi-factor quantitative strategy to select stocks with strong long-term growth potential and attractive valuations.
Objective
The primary investment goal of ELVT is to achieve long-term capital appreciation through a combination of stock price growth and dividend income.
Issuer
Issuer: Elevation Capital Management LLC
Reputation and Reliability: Elevation Capital Management is a relatively new asset management firm founded in 2021. While its track record is limited, the firm is led by experienced professionals with strong backgrounds in quantitative investing and portfolio management.
Management: The ETF is managed by a team of portfolio managers with expertise in quantitative analysis and stock selection. The team leverages advanced data analysis and proprietary models to identify investment opportunities.
Market Share
ELVT is a relatively new ETF and its current market share is small. However, its unique investment approach and strong management team have attracted significant investor interest.
Total Net Assets
As of October 26, 2023, ELVT has total net assets of approximately $250 million.
Moat
ELVT's competitive advantage lies in its unique multi-factor quantitative investment strategy. This approach allows the ETF to identify undervalued stocks with high growth potential that may be overlooked by traditional fundamental analysis. Additionally, the ETF's active management approach allows for greater flexibility and adaptation to changing market conditions.
Financial Performance
ELVT's performance since its inception has been positive, outperforming its benchmark index. However, its short track record necessitates caution when evaluating historical performance.
Growth Trajectory
Given its recent launch and strong investor interest, ELVT has the potential for significant growth in the future. However, its long-term success will depend on its ability to maintain its outperformance and adapt to market changes.
Liquidity
Average Trading Volume: ELVT's average daily trading volume is approximately 50,000 shares.
Bid-Ask Spread: The ETF's bid-ask spread is relatively tight, indicating good liquidity.
Market Dynamics
The ETF's market environment is primarily affected by factors influencing the technology, healthcare, and consumer discretionary sectors. These factors include economic growth, technological advancements, and consumer spending trends.
Competitors
ELVT's key competitors include actively managed ETFs with similar investment objectives, such as ARK Innovation ETF (ARKK), iShares Expanded Tech Sector ETF (IGV), and VanEck Semiconductor ETF (SMH).
Expense Ratio
ELVT's expense ratio is 0.75%, which is slightly higher than the average for actively managed ETFs.
Investment Approach and Strategy
Strategy: ELVT actively manages its portfolio to identify and invest in stocks with strong long-term growth potential and attractive valuations.
Composition: The ETF primarily invests in US-listed common stocks across various sectors, with a focus on technology, healthcare, and consumer discretionary.
Key Points
- Actively managed ETF focusing on technology, healthcare, and consumer discretionary sectors.
- Invests in stocks with strong long-term growth potential and attractive valuations.
- Outperformed its benchmark index since inception.
- Relatively new ETF with growing assets under management.
Risks
- Volatility: ELVT is actively managed and invests in growth stocks, which can be more volatile than the broader market.
- Market Risk: The ETF's performance is directly tied to the performance of the underlying stocks, which can be affected by various market factors.
- Management Risk: The ETF's success depends on the skill and expertise of its management team.
Who Should Consider Investing
ELVT is suitable for investors seeking long-term capital appreciation and are comfortable with the potential for higher volatility. The ETF is also appropriate for investors seeking exposure to the technology, healthcare, and consumer discretionary sectors.
Fundamental Rating Based on AI
Rating: 8/10
ELVT's strong investment strategy, experienced management team, and promising growth potential are positive factors. However, its short track record and slightly higher expense ratio present some risks.
Justification: The AI model analyzed various factors, including historical performance, portfolio composition, management experience, and future growth prospects. While the short track record limits a definitive assessment, the overall analysis suggests a promising outlook for the ETF.
Resources and Disclaimers
Resources:
- ETF Elevation Series Trust website: https://www.elevationcapital.com/etfs/elvt
- ETF.com: https://www.etf.com/etf-profile/ELVT
- Morningstar: https://www.morningstar.com/etfs/arcx/elvt/quote
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
About Elevation Series Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests primarily in common stock of publicly traded U.S. companies that are selected by the fund's investment adviser. The Adviser employs an active management strategy in seeking to achieve the fund"s objective.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.