5 Best Battery ETFs to Buy Now

4. ETFS Battery Tech and Lithium (ASX: ACDC.AX)

ETFS Battery Tech and Lithium (ASX: ACDC.AX) is an exchange traded fund that tracks the performance of the Solactive Battery Value-Chain Index which comprises companies working in the battery energy storage and mining sector. It is a non-diversified fund that employs a replication strategy to invest in stocks on the underlying index. 

ETFS Battery Tech and Lithium (ASX: ACDC.AX) has more than $205 million in net assets under management with a year-to-date daily total return of 9.7%. The net expense ratio is 0.82% and the 52-week price range lies between $52 and $94. 

One of the flagship holdings of the fund is General Electric Company (NYSE: GE), the Boston-based firm with stakes in the electronics, energy, and health businesses. 

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.6 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”