Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Stock Price Down 2% – Here’s What Happened

Gabelli Growth Innovators ETF (NYSEARCA:GGRW)’s stock price fell 2% on Friday . The stock traded as low as $31.66 and last traded at $31.70. 1,089 shares were traded during mid-day trading, an increase of 20% from the average session volume of 910 shares. The stock had previously closed at $32.36.

Gabelli Growth Innovators ETF Stock Down 2.0%

The stock has a market cap of $5.39 million, a price-to-earnings ratio of 43.52 and a beta of 1.25. The company has a 50 day simple moving average of $34.19 and a 200 day simple moving average of $34.99.

Institutional Trading of Gabelli Growth Innovators ETF

A hedge fund recently bought a new stake in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC purchased a new stake in Gabelli Growth Innovators ETF (NYSEARCA:GGRW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned 5.88% of Gabelli Growth Innovators ETF at the end of the most recent reporting period.

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.