Gabelli Commercial Aerospace and Defense ETF
GCAD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580
- IPO Date
- Jan 4, 2023
- Website
- gabelli.com
- Similar Companies
- Business
- Gabelli Commercial Aerospace & Defense ETF (GCAD) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Gabelli Commercial Aerospace & Defense Index. The fund invests at least 80% of its net assets in securities included in the index, which comprises U.S.-listed commercial aerospace and defense companies engaged in the research, development, manufacturing, and provision of commercial aircraft, aircraft engines, aircraft parts and components, defense equipment, military aircraft, missiles, satellites, and related services; or companies deriving more than 50% of revenues or profits from these activities. Holdings are weighted by a modified market capitalization approach that incorporates proprietary Gabelli Private Marketplace Value™ (PMV) metrics with standard equal-weighting overlays. Launched in 2023 and domiciled in the United States, GCAD targets institutional and retail investors focused on the aerospace and defense sector, with primary operations within U.S. equity markets and exposure to global industry leaders across North America, Europe, and Asia-Pacific regions. The ETF offers daily liquidity through NYSE Arca trading, low expense ratios typical of Gabelli Funds, and quarterly distributions, serving as a specialized vehicle for capturing growth in commercial aviation recovery and sustained defense spending amid geopolitical tensions. In recent developments, GCAD benefited from heightened sector tailwinds including increased U.S. Department of Defense budgets and commercial aerospace backlogs following Boeing and Airbus production ramps in 2024-2025; no major acquisitions, partnerships, or structural changes reported for the fund itself, though Gabelli Funds LLC enhanced its ETF suite with thematic indexing refinements in late 2024 to better track emerging technologies like unmanned systems and hypersonics.