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Gabelli Growth Innovators ETF falls 7.6% in Q1, underperforming S&P 500's 4.4% drop

Company Fundamentals
28 Jun 2026
Seeking Alpha
View Source
Bearish
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The Gabelli Growth Innovators ETF (GGRW) declined by 7.6% in the first quarter, lagging behind the S&P 500's 4.4% loss. The fund initiated new positions in companies like American Express, Booking Holdings, and Caterpillar, while its top contributors included GE Vernova and Applied Materials. The portfolio remains overweight in Communications Services and Industrials sectors. Despite the negative return, strategic additions and sector weightings may influence future performance.

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