#RAGETRADE – Bought IFLY

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Sneaky Falcon Enterprises, LLC has purchased 55 shares of the ETFMG Drone Economy Strategy ETF (Ticker NYSEARCA:IFLY).

The 55 shares were bought at a price of $34.99, for a total cost basis of $1,931.23 (with commission). Taking a long term, macro-view, we plan on riding the growing drone economy straight to the moon.

Making a more general bet on drones playing a bigger role in logistics, defense, and other commercial operations, we bought in to the IFLY Drone ETF.

While we evaluated a handful of companies that manufacture drones, supply components, or will be leveraging drone technology more fully (like Amazon), we opted for a broader industry focus via this ETF.

It offers a range of commercial and defense stocks, all with some level of exposure to the drone economy. You can see a snapshot of the top 10 holdings below.

Source: http://www.etfmgfunds.com/ifly/

Broader adoption of drone technology in both sectors will hopefully fuel further growth for the ETF and our portfolio!

Wonder what else we’ve invested in? Take a look at our portfolio page to see all of our investments.

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Sneaky Falcon Admin

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Sneaky Falcon Admin
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