#RAGETRADE – Bought IFLY
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.
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.