Nwam LLC Invests $837,000 in REX Drone ETF $DRNZ

Nwam LLC acquired a new position in shares of REX Drone ETF (NASDAQ:DRNZ) in the 4th quarter, Holdings Channel.com reports. The fund acquired 38,450 shares of the ETF’s stock, valued at approximately $837,000.

REX Drone ETF Stock Up 1.2%

Shares of DRNZ stock opened at $25.47 on Tuesday. The stock’s fifty day moving average is $25.86. REX Drone ETF has a 12-month low of $18.00 and a 12-month high of $30.12.

REX Drone ETF (NASDAQ: DRNZ) is an exchange-traded fund designed to provide investors with targeted exposure to companies participating in the drone and unmanned aerial systems (UAS) ecosystem. The fund focuses on businesses whose primary activities support the design, manufacture, operation, enabling technologies or services for aerial uncrewed systems. As a thematic ETF, DRNZ aims to concentrate holdings in a specific industry segment rather than track broad-market benchmarks.

Holdings in the fund typically reflect a cross-section of the drone value chain, including manufacturers of airframes and propulsion systems, developers of autonomy and navigation software, suppliers of sensors and communications equipment, and companies providing operational services such as commercial drone operations, mapping, inspection and logistics.