Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Trading Up 0.4% – Time to Buy?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s stock price rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $27.13 and last traded at $27.13. Approximately 2 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 806 shares. The stock had previously closed at $27.02.

Gabelli Love Our Planet & People ETF Price Performance

The stock has a 50-day moving average price of $27.83 and a 200-day moving average price of $28.07. The company has a market capitalization of $10.59 million, a price-to-earnings ratio of 19.87 and a beta of 0.99.

Hedge Funds 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 stock. Gamco Investors INC. ET AL raised its holdings in Gabelli Love Our Planet & People ETF by 8.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 104,700 shares of the company’s stock valued at $2,846,000 after acquiring an additional 7,800 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Gabelli Love Our Planet & People ETF during the fourth quarter worth approximately $212,000. Finally, GTS Securities LLC increased its stake in shares of Gabelli Love Our Planet & People ETF by 54.7% during the fourth quarter. GTS Securities LLC now owns 21,532 shares of the company’s stock worth $585,000 after purchasing an additional 7,615 shares during the period.

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.