National Wealth Management Group LLC boosted its holdings in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Free Report) by 33.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,905 shares of the company’s stock after purchasing an additional 15,829 shares during the quarter. National Wealth Management Group LLC owned about 0.07% of Gabelli Commercial Aerospace & Defense ETF worth $3,052,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in Gabelli Commercial Aerospace & Defense ETF during the 1st quarter worth $30,000. NewEdge Advisors LLC purchased a new position in Gabelli Commercial Aerospace & Defense ETF during the 2nd quarter worth $347,000. Gabelli Funds LLC grew its position in 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 increased its stake in Gabelli Commercial Aerospace & Defense ETF by 14.4% in the first quarter. Gamco Investors INC. ET AL now owns 176,429 shares of the company’s stock valued at $8,774,000 after purchasing an additional 22,235 shares during the period.
Gabelli Commercial Aerospace & Defense ETF Stock Performance
NYSEARCA GCAD opened at $48.75 on Tuesday. The firm’s fifty day moving average is $50.17 and its two-hundred day moving average is $52.61. Gabelli Commercial Aerospace & Defense ETF has a one year low of $44.00 and a one year high of $59.11. The firm has a market cap of $43.88 million, a PE ratio of 29.49 and a beta of 0.87.
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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