Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Trading 0.9% Higher – Time to Buy?
by Sarita Garza · The Markets DailyGabelli Growth Innovators ETF (NYSEARCA:GGRW – Get Free Report) shares shot up 0.9% during trading on Tuesday . The stock traded as high as $37.72 and last traded at $37.72. 13 shares traded hands during trading, a decline of 99% from the average daily volume of 872 shares. The stock had previously closed at $37.39.
Gabelli Growth Innovators ETF Price Performance
The firm has a market capitalization of $7.54 million, a price-to-earnings ratio of 43.52 and a beta of 1.23. The stock has a 50 day moving average price of $37.13 and a two-hundred day moving average price of $35.48.
Hedge Funds Weigh In On Gabelli Growth Innovators ETF
An institutional investor recently bought a new stake in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC purchased a new position in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned approximately 5.88% of Gabelli Growth Innovators ETF as of its most recent filing with the Securities & Exchange Commission.
Gabelli Growth Innovators ETF Company Profile
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.