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2. ARK Autonomous Technology & Robotics ETF (BATS: ARKQ)

ARK Autonomous Technology & Robotics ETF (BATS: ARKQ) is an exchange traded fund that invests in companies working on autonomous technologies and robotics across the world. The fund invests at least 80% of total assets in these firms and seeks long-term capital growth through this strategy. 

ARK Autonomous Technology & Robotics ETF (BATS: ARKQ) has more than $3.2 billion in net assets under management with a year-to-date daily total return of 7.8%. The net expense ratio for the fund is 0.75%. 

A flagship holding of the fund, in which it has invested 3.64% of total assets under management, is NVIDIA Corporation (NASDAQ: NVDA), the California-based visual computing firm. 

At the end of the first quarter of 2021, 80 hedge funds in the database of Insider Monkey held stakes worth $6.2 billion in NVIDIA Corporation (NASDAQ: NVDA), down from 88 in the preceding quarter worth $8.6 billion. 

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and NVIDIA Corporation (NASDAQ: NVDA) was one of them. Here is what the fund said:

“NVIDIA Corp. is the dominant supplier of Graphics Processing Units (GPUs) worldwide. NVIDIA’s GPUs are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and more. We previously owned NVIDIA and sold it in the third quarter of 2020 as the price to value gap closed and our margin of safety was reduced. As with all our MVP companies, we continued to follow NVIDIA closely. Since that time, NVIDIA reported excellent results and its value has compounded rapidly. The technology selloff at the beginning of the year negatively affected the stock price while our estimate of NVIDIA’s value per share increased. This happy combination of events created a margin of safety and an opportunity to once again add NVIDIA to the portfolio.”