AdvisorShares Drone Technology ETF
UAV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Apr 26, 2022
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares Drone Technology ETF (UAV) is an actively managed exchange-traded fund that seeks to capture growth opportunities in unmanned aerial vehicles (drones) and autonomous vehicles by investing at least 80% of its net assets in U.S.-listed equities of companies deriving significant revenue from drone-related businesses; these include firms involved in drone and autonomous vehicle manufacturing, development, research, support services, and supplies across industries such as goods delivery, emergency services, self-driving vehicles, electric vertical takeoff and landing (eVTOL) aircraft, military, agriculture, construction, energy, mining, and real estate. The ETF targets companies of any market capitalization with dominant positions in the drone and autonomous vehicle ecosystems, with holdings historically concentrated in top positions like Jabil Inc., Axon Enterprise Inc., and AAR Corp., and sector allocations emphasizing technology services, electronic technology, and other drone-enabling areas. UAV was launched in April 2022 by AdvisorShares Investments, LLC, headquartered in Bethesda, Maryland. In a significant operational change, the Board of Trustees of AdvisorShares Trust approved the liquidation of UAV at the recommendation of its investment adviser, with trading ceasing on the NYSE Arca on June 23, 2023, followed by asset liquidation and final distributions to shareholders on or about June 30, 2023. Prior to closure, the fund maintained a non-diversified portfolio with a net expense ratio of 0.99%, focusing on U.S. equities in the aerospace and defense industry (at least 25% concentration) and broader thematic exposure to the emerging commercial drone economy. No recent partnerships, acquisitions, funding rounds, or new product launches were associated with UAV in the 1-2 years leading to its closure, as AdvisorShares shifted focus to other active ETFs amid evolving market conditions.