Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Shares Down 0.4% – What’s Next?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s stock price traded down 0.4% on Tuesday. The company traded as low as $36.07 and last traded at $36.07. Approximately 8,312 shares traded hands during mid-day trading, an increase of 622% from the average daily volume of 1,151 shares. The stock had previously closed at $36.22.

Gabelli Love Our Planet & People ETF Trading Down 2.9%

The company’s 50 day moving average is $36.04 and its 200-day moving average is $36.78. The company has a market capitalization of $14.18 million, a P/E ratio of 21.90 and a beta of 0.95.

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

A hedge fund recently raised its position in Gabelli Love Our Planet & People ETF stock. Gabelli Funds LLC raised its holdings in shares of Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) by 114.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,800 shares of the company’s stock after purchasing an additional 22,800 shares during the period. Gabelli Funds LLC owned 10.70% of Gabelli Love Our Planet & People ETF worth $1,484,000 as of its most recent SEC filing.

About Gabelli Love Our Planet & People ETF

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.