Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Shares Up 7.6% – Here’s Why

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s share price traded up 7.6% during mid-day trading on Wednesday . The company traded as high as $25.41 and last traded at $25.41. 280 shares were traded during mid-day trading, a decline of 64% from the average session volume of 788 shares. The stock had previously closed at $23.61.

Gabelli Love Our Planet & People ETF Trading Up 7.6 %

The company has a 50 day simple moving average of $27.12 and a 200 day simple moving average of $27.95. The stock has a market cap of $10.04 million, a P/E ratio of 19.87 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Gabelli Love Our Planet & People ETF in the 4th quarter valued at about $212,000. GTS Securities LLC boosted its stake in shares of Gabelli Love Our Planet & People ETF by 54.7% in the fourth quarter. GTS Securities LLC now owns 21,532 shares of the company’s stock valued at $585,000 after buying an additional 7,615 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Gabelli Love Our Planet & People ETF by 8.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 104,700 shares of the company’s stock worth $2,846,000 after buying an additional 7,800 shares in the last quarter.

Gabelli Love Our Planet & People ETF Company Profile

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.