National Wealth Management Group LLC raised its position in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Free Report) by 33.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,905 shares of the company’s stock after acquiring an additional 15,829 shares during the quarter. National Wealth Management Group LLC owned approximately 6.99% of Gabelli Commercial Aerospace & Defense ETF worth $3,052,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF in the 2nd quarter valued at approximately $347,000. Parallel Advisors LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the 1st quarter worth $30,000. Gabelli Funds LLC lifted its position in shares of Gabelli Commercial Aerospace & Defense ETF by 783.3% during the 1st quarter. Gabelli Funds LLC now owns 132,500 shares of the company’s stock worth $6,589,000 after purchasing an additional 117,500 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Gabelli Commercial Aerospace & Defense ETF by 14.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 176,429 shares of the company’s stock worth $8,774,000 after buying an additional 22,235 shares during the last quarter.
Gabelli Commercial Aerospace & Defense ETF Stock Up 2.7%
GCAD stock opened at $48.75 on Tuesday. The stock has a market cap of $43.88 million, a price-to-earnings ratio of 29.49 and a beta of 0.87. Gabelli Commercial Aerospace & Defense ETF has a fifty-two week low of $44.00 and a fifty-two week high of $59.11. The business has a 50 day moving average price of $50.17 and a 200 day moving average price of $52.61.
About Gabelli Commercial Aerospace & Defense ETF
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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