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.
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.”
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.”
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.”
1. WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L)
WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L) is an exchange traded fund that tracks the investment results of the WisdomTree Battery Solutions Index which comprises firms working in the battery technology sector.
WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L) has over $18 million in net assets under management with a net expense ratio of 0.40%. The 52-week price range of the fund is between $27 and $3,425.
One of the premier holdings of the fund is Plug Power Inc. (NASDAQ: PLUG), a company that markets usage of hydrogen fuel cells in electric vehicles and ships.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Plug Power Inc. (NASDAQ: PLUG) with 12 million shares worth more than $433 million.
In its Q2 2020 investor letter, Massif Capital, an asset management firm, highlighted a few stocks and Plug Power Inc. (NASDAQ: PLUG) was one of them. Here is what the fund said:
“We also closed our short position in Plug Power this quarter as the market was subsumed with enthusiasm over their recent acquisitions, resulting in an almost 80% rally in the stock over ten trading days. Our decision to exit was painful at the time as we were forced to reconcile with a collective exuberance that was (and is, in our opinion) not grounded reality. In hindsight, it was the correct decision as we avoided most of its recent vertical trajectory.”
You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.
