Gamco Investors INC. ET AL lifted its position in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,429 shares of the company’s stock after purchasing an additional 22,235 shares during the quarter. Gamco Investors INC. ET AL owned 29.40% of Gabelli Commercial Aerospace & Defense ETF worth $8,774,000 at the end of the most recent reporting period.
Separately, Parallel Advisors LLC bought a new stake in Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at $30,000.
Gabelli Commercial Aerospace & Defense ETF Stock Performance
Shares of GCAD stock opened at $56.28 on Monday. The firm has a fifty day moving average of $54.59 and a 200-day moving average of $53.11. The stock has a market cap of $45.02 million, a price-to-earnings ratio of 29.49 and a beta of 0.87. Gabelli Commercial Aerospace & Defense ETF has a 52-week low of $42.00 and a 52-week high of $59.11.
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.
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