Gabelli Funds LLC Purchases New Shares in Gabelli Financial Services Opportunities ETF $GABF

Gabelli Funds LLC purchased a new stake in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $2,079,000.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in Gabelli Financial Services Opportunities ETF in the second quarter worth $1,032,000. Susquehanna International Group LLP boosted its holdings in Gabelli Financial Services Opportunities ETF by 22.1% in the third quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after acquiring an additional 2,012 shares in the last quarter. Finally, Carter Financial Group INC. boosted its holdings in Gabelli Financial Services Opportunities ETF by 0.5% in the third quarter. Carter Financial Group INC. now owns 61,032 shares of the company’s stock worth $2,942,000 after acquiring an additional 303 shares in the last quarter.

Gabelli Financial Services Opportunities ETF Trading Up 0.5%

Gabelli Financial Services Opportunities ETF stock opened at $43.77 on Friday. The business’s fifty day simple moving average is $42.95 and its two-hundred day simple moving average is $44.82. Gabelli Financial Services Opportunities ETF has a 12 month low of $38.34 and a 12 month high of $49.81. The company has a market capitalization of $52.52 million, a price-to-earnings ratio of 19.92 and a beta of 1.09.

Gabelli Financial Services Opportunities ETF Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.