Gamco Investors INC. ET AL Sells 71,206 Shares of Gabelli Commercial Aerospace & Defense ETF $GCAD

Gamco Investors INC. ET AL lessened its position in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) by 59.5% in the 3rd quarter, Holdings Channel reports. The firm owned 48,394 shares of the company’s stock after selling 71,206 shares during the period. Gamco Investors INC. ET AL owned 0.19% of Gabelli Commercial Aerospace & Defense ETF worth $2,196,000 at the end of the most recent quarter.

Gabelli Commercial Aerospace & Defense ETF Stock Down 0.8%

Shares of NYSEARCA GCAD opened at $53.83 on Wednesday. The company’s fifty day moving average is $52.56 and its 200-day moving average is $47.79. The stock has a market cap of $18.30 million, a price-to-earnings ratio of 29.49 and a beta of 0.96. Gabelli Commercial Aerospace & Defense ETF has a twelve month low of $25.00 and a twelve month high of $56.99.

Gabelli Commercial Aerospace & Defense ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were paid a dividend of $0.9561 per share. This represents a yield of 204.0%. The ex-dividend date of this dividend was Monday, December 29th.

Gabelli Commercial Aerospace & Defense ETF Company 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.