Gabelli Funds LLC Acquires 117,500 Shares of Gabelli Commercial Aerospace & Defense ETF $GCAD

Gabelli Funds LLC raised its holdings in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) by 783.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 132,500 shares of the company’s stock after acquiring an additional 117,500 shares during the quarter. Gabelli Funds LLC owned approximately 22.08% of Gabelli Commercial Aerospace & Defense ETF worth $6,589,000 as of its most recent SEC filing.

Separately, Gamco Investors INC. ET AL increased its holdings in Gabelli Commercial Aerospace & Defense ETF by 218.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock valued at $7,158,000 after purchasing an additional 105,800 shares during the period.

Gabelli Commercial Aerospace & Defense ETF Stock Up 0.7%

Shares of NYSEARCA:GCAD opened at $56.65 on Tuesday. The firm has a market cap of $45.32 million, a P/E ratio of 29.49 and a beta of 0.87. Gabelli Commercial Aerospace & Defense ETF has a 12-month low of $42.00 and a 12-month high of $59.11. The business has a fifty day simple moving average of $54.70 and a 200 day simple moving average of $53.16.

Gabelli Commercial Aerospace & Defense ETF Profile

The Gabelli Commercial Aerospace & Defense ETF (GCAD) is an exchange-traded fund that mostly invests in industrials equity. The fund is an actively managed, non-transparent ETF that invests in income-producing equities in the US aerospace and defense industry. The fund utilizes the Precidian non-transparent model GCAD was launched on Jan 3, 2023 and is managed by Gabelli.