|Bid||29.85 x 900|
|Ask||39.16 x 800|
|Day's Range||39.00 - 39.46|
|52 Week Range||31.85 - 39.50|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||5.56%|
|Beta (5Y Monthly)||1.08|
|Expense Ratio (net)||0.75%|
The Federal Aviation Administration's (FAA) spokesman Ian Gregor said that there are currently about 1.5 million registered drones in the nation and forecasts show that by 2025, that number will increase to three million. It’s just one reason for ETF investors to consider the ETFMG Drone Economy Strategy ETF (IFLY) . IFLY seeks to provide investment results that correspond generally to the price and yield performance of the Reality Shares Drone™ Index.
According to the company's press release, the top three holdings in the ETF are Aerovironment Inc.(12.4%), Parrot S.A. (PARRO.PA) (9.1%), and Boeing Co. (BA) (4.6%). Drones are poised to take off in a big way in major sectors of the economy. According to Grand View Research, the market for commercial drones is expected to top a billion dollars by 2022.
Along with other some other thematic exchange traded funds, the ETFMG Drone Economy Strategy ETF (NYSEARCA: IFLY) was drubbed last year, but the first ETF dedicated to drone-focused stocks is rebounding ...