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

Shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW) traded down 1.6% during mid-day trading on Thursday . The stock traded as low as $33.94 and last traded at $33.94. 1,227 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,594 shares. The stock had previously closed at $34.50.

Gabelli Growth Innovators ETF Trading Up 0.1%

The firm has a market capitalization of $5.78 million, a PE ratio of 43.52 and a beta of 1.25. The firm has a 50 day simple moving average of $35.17 and a 200 day simple moving average of $35.08.

Gabelli Growth Innovators ETF Announces Dividend

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

Institutional Trading of Gabelli Growth Innovators ETF

An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC purchased a new position in Gabelli Growth Innovators ETF (NYSEARCA:GGRW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned 5.88% of Gabelli Growth Innovators ETF as of its most recent SEC filing.

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.