5 Best Battery ETFs to Buy Now

In this article we discuss the 5 best battery ETFs to buy now. If you want to read our detailed analysis of these ETFs, go directly to the 10 Best Battery ETFs to Buy Now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at the best battery ETFs:

5. First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN)

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) is an exchange traded fund that tracks the investment results of the NASDAQ Clean Edge Green Energy Index comprising US-based firms working in the clean energy business. The fund tracks the performance of stocks and invests at least 90% of total assets in the stocks on the index.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) has close to $2.7 billion in net assets under management. It has a year-to-date daily total return of -9.95% with a net expense ratio of 0.60%. Over the past 52 weeks, the price of the fund has touched a low of $27 and a high of $90.

One of the top holdings of the fund, in which it has invested close to 7.5% of assets under management is Chinese automaker NIO Inc. (NYSE: NIO). 

At the end of the first quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in NIO Inc. (NYSE: NIO), down from 34 in the previous quarter worth $2.6 billion.