Should You Invest in the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID)?

Zacks05-06

Launched on 11/16/2009, the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - ...

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Utilities - Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF carries a Zacks ETF Rank of 3 , which is based on expected asset class return, expense ratio, and momentum, among other factors. 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Utilities - Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.\nIndex Details\nThe fund is sponsored by First Trust Advisors. It has amassed assets over $1.04 billion, making it one of the larger ETFs attempting to match the performance of the Utilities - Infrastructure segment of the equity market. GRID seeks to match the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index before fees and expenses.\nThe NASDAQ OMX Clean Edge Smart Grid Infrastructure Index includes companies that are primarily engaged and involved in electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector.\nCosts\nExpense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.\nAnnual operating expenses for this ETF are 0.57%, making it on par with most peer products in the space.\nIt has a 12-month trailing dividend yield of 1.14%.\nSector Exposure and Top Holdings\nETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.\nLooking at individual holdings, Abb Ltd (ABBN.SW) accounts for about 8.09% of total assets, followed by Eaton Corporation Plc (ETN) and Schneider Electric Se (SU.FP).\nThe top 10 holdings account for about 56.64% of total assets under management.\nPerformance and Risk\nYear-to-date, the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF has added roughly 9.87% so far, and is up about 20.90% over the last 12 months (as of 05/06/2024). GRID has traded between $85.32 and $114.94 in this past 52-week period.\nThe ETF has a beta of 1.26 and standard deviation of 20.82% for the trailing three-year period, making it a high risk choice in the space. With about 110 holdings, it effectively diversifies company-specific risk.\nAlternatives\nFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, GRID is a reasonable option for those seeking exposure to the Utilities/Infrastructure ETFs area of the market. Investors might also want to consider some other ETF options in the space.\nIShares Global Infrastructure ETF (IGF) tracks S&P Global Infrastructure Index and the Global X U.S. Infrastructure Development ETF (PAVE) tracks INDXX U.S. Infrastructure Development Index. IShares Global Infrastructure ETF has $3.63 billion in assets, Global X U.S. Infrastructure Development ETF has $7.33 billion. IGF has an expense ratio of 0.41% and PAVE charges 0.47%.\nBottom Line\nTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID): ETF Research Reports\nEaton Corporation, PLC (ETN) : Free Stock Analysis Report\niShares Global Infrastructure ETF (IGF): ETF Research Reports\nGlobal X U.S. Infrastructure Development ETF (PAVE): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433698421"}