

Gradient Investments LLC grew its stake in Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) by 13.6% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,217 shares of the company's stock after purchasing an additional 33,492 shares during the quarter. Gradient Investments

WHEATON, Ill., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator) announces the successful conversion of the Innovator Deepwater Frontier Tech ETF (LOUP) to an actively managed ETF, in order to build on the product's track record exceeding seven years.

LOUP offers exposure to 30 high achievers representing a few 'frontier technology' themes, including AI, EVs, fintech, etc. Despite its outstanding growth factor exposure and adequate quality, LOUP has underperformed IVV, QQQ, and SCHG since its inception. The ETF's high expense ratio and weak liquidity further reduce its long-term appeal compared to cheaper, more liquid alternatives like QQQ and SCHG.

Innovator Deepwater Frontier Tech ETF (LOUP) targets 30 frontier companies in AI, autonomous vehicles, fintech, robotics, and VR. The fund boasts superior value and growth metrics versus XLK, but has lagged it since inception despite recent outperformance. Among ETFs focused on innovative companies, TECB looks more compelling than LOUP based on track record, liquidity and fees.

Despite challenging economic backdrop, these global ETFs trumped the S&P 500 in the first nine months of 2023.

LOUP is a concentrated mix of top-growth global frontier tech names with cutting-edge products. It has no exposure to the $1 trillion league. LOUP has solid growth characteristics, with valuation expectedly stretched. Its quality is comparatively acceptable (while around 44% of the holdings are loss-making, only 13.4% are cash flow negative). It did not beat QQQ during the September 2018 - May 2023 period.

On this week's episode of ETF Prime, host Nate Geraci is joined by ETF Trends' Lara Crigger, managing editor at ETF Trends and ETF Database, to discuss investors' soaring interest in commodities. Later, Jon Maier, CIO of Global X, talked about current financial markets and thematic ETFs, followed by Gene Munster, co-founder of Loup Funds, who explains [.

While growth names have struggled lately, not all disruptive tech ETFs have sunk as much as 'ARKK.'
SEC filings for LOUP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.