Clean energy stocks have risen as a result of Joe Biden’s election to the presidency of the United States. The White House has already indicated that it is willing to prolong the tax benefits available to electric vehicle companies. Tesla, Inc. is credited with improving the efficiency of sustainable energy vehicles with revolutionary battery technology. The electric car and battery industries are covered by some exchange-traded funds (ETFs). Over the last year, several of these funds, such as the ARK Innovation ETF, have returned more than 152 percent to investors.
Here is Insider Monkey’s list of the 10 best battery ETFs to buy now. The Global X Autonomous & Electric Vehicles ETF now manages over $900 million in net assets. The 52-week price range for the ETF is $13 to $28. It has a net expense ratio of 0.68 percent and a year-to-date daily total return of 17.4 percent. HAIL is a non-diversified exchange traded fund that tracks the S&P Kensho Smart Transportation Index’s investing outcomes. At least 80% of the fund’s total assets are invested in index stocks. Over the last 52 weeks, the fund’s price has fluctuated between $28 and $71. The VanEck Vectors Rare Earth/Strategic Metals ETF currently manages $679 million in net assets. The fund’s year-to-date daily total return is 30.5 percent. Galaxy Resources Limited is a company that produces lithium and does mineral exploration. The Global X Lithium & Battery Tech ETF manages over $3 billion in net assets. Albemarle Corporation, a specialty chemicals company situated in North Carolina, is the fund’s largest investment. Insider Monkey’s database revealed that 31 hedge funds had interests in the firm worth $262 million. More than $373 million in net assets are managed by the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund. Quanta Services, Inc., a Texas-based power infrastructure provider, is one of the fund’s top holdings. For more details, click 10 Best Battery ETFs to Buy Now.
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