Gabelli Funds LLC Acquires New Position in Gabelli Financial Services Opportunities ETF $GABF

Gabelli Funds LLC acquired a new stake in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,000 shares of the company’s stock, valued at approximately $2,079,000. Gabelli Funds LLC owned approximately 4.09% of Gabelli Financial Services Opportunities ETF at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Susquehanna International Group LLP increased its stake in Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after purchasing an additional 2,012 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Gabelli Financial Services Opportunities ETF in the 2nd quarter worth approximately $1,032,000. Finally, Carter Financial Group INC. grew its position in shares of Gabelli Financial Services Opportunities ETF by 0.5% in the 3rd quarter. Carter Financial Group INC. now owns 61,032 shares of the company’s stock worth $2,942,000 after buying an additional 303 shares during the last quarter.

Gabelli Financial Services Opportunities ETF Stock Performance

Shares of GABF stock opened at $43.77 on Friday. The firm has a market cap of $52.52 million, a P/E ratio of 19.92 and a beta of 1.09. Gabelli Financial Services Opportunities ETF has a fifty-two week low of $38.34 and a fifty-two week high of $49.81. The business’s 50 day moving average price is $42.95 and its 200-day moving average price is $44.82.

Gabelli Financial Services Opportunities ETF Company Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.