Gabelli Automation ETF (GAST)
Gabelli Automation ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Rye, NY, US. The stock last traded at $32.28, down 0.36% on the session, giving a market capitalisation of $7.1M. Its beta of 1.08 implies it has historically moved more than the broad market.
This fund primarily allocates its capital to common and preferred stocks traded on U.S. exchanges. The investment approach employed by the portfolio manager centers on identifying businesses that appear undervalued when compared to their private market value (PMV). Generally, under typical market circumstances, a minimum of 80% of the fund's total assets will be committed to stocks listed on national securities exchanges, adhering to the definition provided by the Investment Company Act of 1940. Specifically, the manager seeks out publicly traded companies whose shares are available at a notable discount to the manager's estimated PMV.
Gabelli Automation ETF is most often compared with the following Financial Services names: