LZRD is traded on the Nasdaq
Introducing Nasdaq-Listed Parabla Innovation ETF “LZRD’’
North Carolina, April 17, 2023 / Parabla LLC announced the launch of their new ETF, the Parabla Innovation ETF. Shares began trading Tuesday, April 11th on the Nasdaq under the ticker symbol LZRD.
"We couldn't be more excited for investors with the launch of this ETF," said Phillip Hanks, CEO of Parabla. "Investors have had a tough two years in the market. Our investing strategy for LZRD focuses on innovative companies. We believe this strategy can help investors by applying specific investment parameters to active management."
Parabla Innovation ETF, “LZRD”, is actively managed, multi-cap, and multi-sector. LZRD is focused on four types of innovation: Developmental, Disruptive, Scaling, and Refining.
LZRD is a part of the Spinnaker ETF series trust. Spinnaker, in conjunction with Nottingham, one of the leading non-bank ETF fund administrators and consultant to the mutual fund and ETF industry, provides a turnkey ETF solution that permits an investment adviser to focus on its core competency of asset management, shifting most of the responsibility for organization, servicing, and corporate governance of funds to Nottingham.
"We are excited to help a North Carolina firm, Parabla, bring LZRD to investors," said Kate Honey, Nottingham’s President. "As innovators and leaders in the ETF space, we work hard to stay ahead of trends in the marketplace. We are proud to be a part of bringing this innovative ETF to market."
About Parabla, LLC
Phillip Hanks founded Parabla LLC, advisor to the Parabla Innovation ETF, to focus on four types of innovation, seeking innovative investment opportunities spanning across multiple sectors and market caps. To do that, the firm favors an active management approach and implements several parameters within the fund to help investors better understand the strategy.
About Nottingham
Since 1988, Nottingham has offered consulting for investment fund organization and ongoing operations support for mutual funds and ETFs including fund accounting, compliance administration, and transfer agency for those funds. Nottingham offers a full range of turnkey services, managing relationships between clients and all outside vendors and services, including lead market markets and Authorized Participants, prime brokers and custodians, outside legal counsel, independent auditors, custodians, printers, insurance companies and the fund board. Nottingham remains one of the largest privately held fund administration firms in the US operating quite efficiently from eastern North Carolina.
An investor should consider the Fund’s investment objectives, risks, charges, and expenses before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at http://parabla.io/ or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investments in the Fund are also subject to the following risks:
Equity Securities Risk: The Fund’s net asset value will fluctuate based on changes in the value of the equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.
Small and Mid-Cap Securities Risk: Earnings and prospects of small and medium sized companies are more volatile and may experience higher failure rates than larger companies. Small and medium sized companies have a lower trading volume than larger companies, which may make their market price fall more disproportionately in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience.
Sector Risk: The Fund may focus its investments in securities of a particular sector. Economic, legislative or regulatory developments may occur that significantly affect the sector. This may cause the Fund’s net asset value to fluctuate more than that of a fund that does not focus in a particular sector.
More information about these risks can be found in the Fund’s prospectus.
The Parabla Innovation ETF is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina 27609. There is no affiliation between Parabla, LLC, including their principals, and Capital Investment Group, Inc.
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