Gabelli Equity Income ETF (GCAD) is an actively managed exchange-traded fund that seeks to provide income and capital appreciation by investing in a diversified portfolio of primarily US-listed equities. The ETF is managed by Gabelli Funds, LLC, an investment management firm based in Rye, New York.
The investment strategy of GCAD is to invest in a variety of companies with above-average dividend yields and long-term growth prospects. The ETF may also invest in other income-generating securities, such as preferred stocks and master limited partnerships (MLPs).
GCAD typically invests in large-cap and mid-cap companies across various sectors, with a focus on companies that have a history of paying and growing dividends. The ETF may also use various strategies to enhance income, including writing covered call options on selected securities in the portfolio.
GCAD was launched in 2016 and trades on the NYSE Arca under the ticker symbol GCAD. The expense ratio for GCAD is 0.71%, which includes a management fee of 0.50%. It's important to note that as an actively managed ETF, GCAD may have higher expense ratios compared to passively managed ETFs.
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