5 Best Battery ETFs to Buy Now

3. Amplify Lithium & Battery Technology ETF (NYSE: BATT)

Amplify Lithium & Battery Technology ETF (NYSE: BATT) is an exchange traded fund that tracks the investment results of the EQM Lithium & Battery Technology Index which comprises companies that derive revenue from lithium battery technology. It is a non-diversified fund that invests at least 80% of total assets in holdings on the index. 

Amplify Lithium & Battery Technology ETF (NYSE: BATT) has more than $162 million in net assets under management with a year-to-date daily total return of -5.75%. The net expense ratio for the fund is 0.59%. 

One of the premier holdings of the firm is Tesla, Inc. (NASDAQ: TSLA), the California-based electric carmaker. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Tesla, Inc. (NASDAQ: TSLA) with 24 million shares worth more than $16 billion. 

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”