Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Shares Down 0.9% – Should You Sell?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s stock price dropped 0.9% during trading on Tuesday . The company traded as low as $28.85 and last traded at $28.85. Approximately 5 shares traded hands during trading, a decline of 99% from the average daily volume of 768 shares. The stock had previously closed at $29.11.

Gabelli Love Our Planet & People ETF Trading Down 0.9%

The business has a 50-day moving average price of $27.54 and a 200 day moving average price of $27.64. The company has a market cap of $10.24 million, a price-to-earnings ratio of 19.56 and a beta of 0.99.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. GTS Securities LLC boosted its position 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 worth $585,000 after buying an additional 7,615 shares during the period. Gamco Investors INC. ET AL raised its holdings 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 valued at $2,846,000 after buying an additional 7,800 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Gabelli Love Our Planet & People ETF during the fourth quarter valued at about $212,000.

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.