Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Shares Down 1.1% – Here’s What Happened

Shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW) were down 1.1% during trading on Monday . The stock traded as low as $37.37 and last traded at $37.41. Approximately 2,763 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 912 shares. The stock had previously closed at $37.83.

Gabelli Growth Innovators ETF Trading Down 1.1%

The firm has a market capitalization of $7.48 million, a PE ratio of 43.52 and a beta of 1.24. The stock’s 50 day moving average price is $36.61 and its two-hundred day moving average price is $35.27.

Hedge Funds Weigh In On Gabelli Growth Innovators ETF

A hedge fund recently bought a new position in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL purchased a new position in Gabelli Growth Innovators ETF (NYSEARCA:GGRW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,526,000. Gamco Investors INC. ET AL owned about 58.82% of Gabelli Growth Innovators ETF as of its most recent SEC filing.

About Gabelli Growth Innovators ETF

The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.