Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Trading Down 0.4% – What’s Next?

Gabelli Growth Innovators ETF (NYSEARCA:GGRW)’s share price fell 0.4% on Thursday . The stock traded as low as $34.41 and last traded at $34.41. 74 shares changed hands during trading, a decline of 94% from the average session volume of 1,169 shares. The stock had previously closed at $34.55.

Gabelli Growth Innovators ETF Stock Down 1.5%

The stock has a market cap of $5.76 million, a price-to-earnings ratio of 43.52 and a beta of 1.25. The stock’s fifty day moving average is $34.84 and its 200-day moving average is $35.08.

Gabelli Growth Innovators ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were issued a dividend of $0.1512 per share. The ex-dividend date was Monday, December 29th.

Hedge Funds Weigh In On Gabelli Growth Innovators ETF

A hedge fund 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) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned about 5.88% of Gabelli Growth Innovators ETF at the end of the most recent quarter.

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.