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

Gabelli Growth Innovators ETF (NYSEARCA:GGRWGet Free Report)’s stock price traded down 1.1% on Monday . The company traded as low as $37.37 and last traded at $37.41. 2,763 shares changed hands during mid-day trading, an increase of 203% from the average session volume of 912 shares. The stock had previously closed at $37.83.

Gabelli Growth Innovators ETF Trading Down 0.1%

The firm has a market cap of $7.30 million, a P/E ratio of 43.52 and a beta of 1.24. The company’s 50 day simple moving average is $36.66 and its 200-day simple moving average is $35.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL bought a new position in Gabelli Growth Innovators ETF (NYSEARCA:GGRWFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter.

About Gabelli Growth Innovators ETF

(Get Free Report)

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.

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