Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Shares Down 1.6% – Time to Sell?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s stock price dropped 1.6% during mid-day trading on Wednesday. The stock traded as low as $35.71 and last traded at $35.71. Approximately 22 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,203 shares. The stock had previously closed at $36.29.

Gabelli Love Our Planet & People ETF Stock Up 0.5%

The business has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $37.24. The company has a market capitalization of $14.34 million, a price-to-earnings ratio of 18.65 and a beta of 0.95.

Hedge Funds Weigh In On Gabelli Love Our Planet & People ETF

An institutional investor recently raised its stake in Gabelli Love Our Planet & People ETF stock. Gabelli Funds LLC grew its stake in shares of Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) by 114.0% in the first quarter, according to its most recent 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 about 10.70% of Gabelli Love Our Planet & People ETF worth $1,484,000 as of its most recent filing with the SEC.

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.