Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Shares Up 1.2% – Still a Buy?

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP)’s stock price rose 1.2% on Tuesday . The company traded as high as $39.84 and last traded at $39.84. Approximately 1,586 shares changed hands during trading, a decline of 11% from the average daily volume of 1,782 shares. The stock had previously closed at $39.35.

Gabelli Love Our Planet & People ETF Price Performance

The stock’s fifty day moving average price is $37.85 and its 200 day moving average price is $36.14. The stock has a market capitalization of $15.56 million, a P/E ratio of 18.65 and a beta of 0.94.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOPP. Gamco Investors INC. ET AL acquired a new position in Gabelli Love Our Planet & People ETF during the 4th quarter worth about $3,222,000. Gabelli Funds LLC boosted its position in Gabelli Love Our Planet & People ETF by 114.0% during the first quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock worth $1,484,000 after acquiring an additional 22,800 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Gabelli Love Our Planet & People ETF during the fourth quarter worth about $202,000.

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.