Gabelli Funds LLC Purchases Shares of 15,000 Gabelli Commercial Aerospace & Defense ETF $GCAD

Gabelli Funds LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company’s stock, valued at approximately $696,000.

Gabelli Commercial Aerospace & Defense ETF Stock Up 1.3%

NYSEARCA:GCAD opened at $52.41 on Friday. The business’s 50-day simple moving average is $51.54 and its two-hundred day simple moving average is $50.23. The stock has a market cap of $31.45 million, a PE ratio of 29.49 and a beta of 0.86. Gabelli Commercial Aerospace & Defense ETF has a 52 week low of $38.03 and a 52 week high of $56.99.

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.