Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Trading Up 1.2% – Still a Buy?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s share price rose 1.2% during trading on Tuesday . The stock traded as high as $39.84 and last traded at $39.84. 1,586 shares were traded during trading, a decline of 11% from the average daily volume of 1,782 shares. The stock had previously closed at $39.35.

Gabelli Love Our Planet & People ETF Stock Performance

The business’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $36.10. The company has a market capitalization of $15.94 million, a price-to-earnings ratio of 18.65 and a beta of 0.95.

Institutional Investors Weigh In On Gabelli Love Our Planet & People ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its stake in Gabelli Love Our Planet & People ETF by 114.0% during the 1st quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock valued at $1,484,000 after purchasing an additional 22,800 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Gabelli Love Our Planet & People ETF in the 4th quarter worth $202,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Gabelli Love Our Planet & People ETF in the 4th quarter worth $3,222,000.

Gabelli Love Our Planet & People ETF Company Profile

The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.