Wedbush ETFMG Global Cloud Technology ETF (IFLY)
Wedbush ETFMG Global Cloud Technology ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $27.21, up 0.46% on the session, giving a market capitalisation of $25.1M. Its beta of 1.19 implies it has historically moved more than the broad market.
This investment aims to deliver financial returns that, prior to expenses and fees, largely correspond to the price appreciation and income generation of the Reality Shares Drone™ Index. This index tracks the stock market performance of a diverse array of companies spanning various industries, all actively involved in the research, creation, or utilization of unmanned aerial vehicles (drones). Typically, at least 80% of the fund's total assets, excluding collateral from securities lending, are allocated to common stocks, American Depositary Receipts (ADRs), or Global Depositary Receipts (GDRs) issued by businesses operating within the drone economy. The fund's portfolio is structured as non-diversified.
Wedbush ETFMG Global Cloud Technology ETF is most often compared with the following Financial Services names: