Gamco Investors INC. ET AL Buys 22,235 Shares of Gabelli Commercial Aerospace & Defense ETF $GCAD

Gamco Investors INC. ET AL lifted its stake in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,429 shares of the company’s stock after buying an additional 22,235 shares during the period. Gamco Investors INC. ET AL owned about 0.29% of Gabelli Commercial Aerospace & Defense ETF worth $8,774,000 at the end of the most recent reporting period.

Separately, Parallel Advisors LLC acquired a new stake in Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at $30,000.

Gabelli Commercial Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:GCAD opened at $56.28 on Monday. The business’s fifty day moving average price is $54.59 and its two-hundred day moving average price is $53.11. Gabelli Commercial Aerospace & Defense ETF has a fifty-two week low of $42.00 and a fifty-two week high of $59.11. The stock has a market capitalization of $45.02 million, a price-to-earnings ratio of 29.49 and a beta of 0.87.

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.