Gabelli Funds LLC Purchases 362,363 Shares of Gabelli Financial Services Opportunities ETF $GABF

Gabelli Funds LLC grew its position in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) by 805.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 407,363 shares of the company’s stock after purchasing an additional 362,363 shares during the period. Gabelli Funds LLC owned about 0.34% of Gabelli Financial Services Opportunities ETF worth $16,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Securities USA Inc. purchased a new position in Gabelli Financial Services Opportunities ETF in the 1st quarter worth approximately $236,000. Susquehanna International Group LLP lifted its position in Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after acquiring an additional 2,012 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Gabelli Financial Services Opportunities ETF during the 2nd quarter valued at $1,032,000. Carter Financial Group INC. boosted its stake in Gabelli Financial Services Opportunities ETF by 5.8% during the 4th quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock valued at $3,040,000 after purchasing an additional 3,521 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Gabelli Financial Services Opportunities ETF by 1,062.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock valued at $9,911,000 after purchasing an additional 196,060 shares during the last quarter.

Gabelli Financial Services Opportunities ETF Trading Up 1.0%

Gabelli Financial Services Opportunities ETF stock opened at $44.90 on Friday. Gabelli Financial Services Opportunities ETF has a 12 month low of $38.34 and a 12 month high of $49.81. The stock has a fifty day simple moving average of $44.37 and a two-hundred day simple moving average of $44.21. The firm has a market cap of $49.39 million, a price-to-earnings ratio of 19.92 and a beta of 1.06.

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.