Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Trading Down 1.6% – Time to Sell?

Gabelli Growth Innovators ETF (NYSEARCA:GGRWGet Free Report) dropped 1.6% during trading on Thursday . The stock traded as low as $33.94 and last traded at $33.94. Approximately 1,227 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 1,594 shares. The stock had previously closed at $34.50.

Gabelli Growth Innovators ETF Trading Down 1.6%

The company has a market capitalization of $5.77 million, a P/E ratio of 43.52 and a beta of 1.25. The firm’s 50 day moving average price is $35.20 and its two-hundred day moving average price is $35.08.

Gabelli Growth Innovators ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were given a $0.1512 dividend. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Investors Weigh In On Gabelli Growth Innovators ETF

An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL acquired a new position in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRWFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period.

Gabelli Growth Innovators ETF Company Profile

(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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