Similar to the price of a stock, the market determines the price of an ETF. However, the underlying assets that an ETF tracks determine its price. For instance, if an ETF follows the S&P 500, its price will change according on how well the companies that make up that index perform. As of this writing, Berkshire Hathaway has the highest stock price, with a share costing over $400,000.
Institutions and experienced traders also use ETFs, which are a well-liked investment tool for private investors. The use of ETFs in the financial sector has significantly increased in recent years. The largest asset manager in the world, BlackRock, estimated that worldwide ETF assets would reach a record $7.6 trillion by the end of 2020.
Moving away from finance, military applications for drones are becoming more and more common. It is debatable which military drone is the finest because it relies on the particular mission and requirements of that force. However, the MQ-9 Reaper, RQ-4 Global Hawk, and Predator B are some of the most advanced and frequently employed military drones.
Speaking of cutting-edge drones, the MQ-25 Stingray, which is being created for the US Navy, is the most cutting-edge drone currently under development. The MQ-25 is a carrier-based unmanned aerial vehicle (UAV) designed to allow manned aircraft to refuel in the air. It is anticipated to go into operation around the middle of 2020.
And how many nations produce drones? The truth is that numerous nations, including the United States, China, Israel, and Russia, among others, are participating in the development and construction of drones. The use of drones is likely to increase over the next few years for a number of uses, including military, commercial, and civil ones.