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

Gabelli Funds LLC raised its position in shares of Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) by 783.3% in the first quarter, HoldingsChannel.com reports. The firm owned 132,500 shares of the company’s stock after purchasing an additional 117,500 shares during the quarter. Gabelli Funds LLC owned 0.22% of Gabelli Commercial Aerospace & Defense ETF worth $6,589,000 at the end of the most recent quarter.

Separately, Gamco Investors INC. ET AL lifted its position in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock worth $7,158,000 after purchasing an additional 105,800 shares during the period.

Gabelli Commercial Aerospace & Defense ETF Stock Performance

NYSEARCA:GCAD opened at $56.65 on Tuesday. Gabelli Commercial Aerospace & Defense ETF has a 52 week low of $42.00 and a 52 week high of $59.11. The firm’s fifty day moving average is $54.70 and its 200-day moving average is $53.16. 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 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.