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Amazon Delivers By Drone, But ETFs Tied To The Trend Are Still Grounded

TedTed
edited December 2016 in The Bullpen
FYI: The only exchange-traded fund dedicated to drones fell on Wednesday, despite the industry reaching a potentially pivotal milestone, with Amazon.com Inc. announcing the first successful completion of a package delivery via the technology.

The PureFunds Drone Economy Strategy ETF IFLY, -0.51% fell 0.6%, a loss that was more than twice as steep as the 0.2% decline of the S&P 500 SPX, -0.02% Amazon AMZN, -0.34% shares rose 0.2%.
Regards,
Ted
http://www.marketwatch.com/story/amazon-delivers-by-drone-but-etfs-tied-to-the-trend-are-still-grounded-2016-12-14/print

NY Times Article:
http://www.nytimes.com/2016/12/14/technology/amazon-drone-england-delivery.html?_r=0

M* Snapshot IFLY:
http://www.morningstar.com/etfs/arcx/ifly/quote.html
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