Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Stock Price Up 1.8% – Here’s What Happened

Gabelli Growth Innovators ETF (NYSEARCA:GGRW)’s stock price was up 1.8% on Tuesday . The company traded as high as $38.38 and last traded at $38.38. 1,381 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 829 shares. The stock had previously closed at $37.71.

Gabelli Growth Innovators ETF Price Performance

The firm’s 50 day moving average is $37.12 and its 200 day moving average is $35.61. The firm has a market cap of $7.68 million, a P/E ratio of 43.52 and a beta of 1.24.

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) during the fourth quarter, according to the company in its most recent filing with the Securities and 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 approximately 58.82% 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.