GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

Price: $92.50
Change: $0.71 (0.01%)
Last Updated:

Vitals

Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.63%
ETF Home Page Home page
Inception Nov 17, 2009

Analyst Report

This unique produce from First Trust targets companies engaged in the ‘smart grid’ movement which seeks to upgrade America’s electricity grid with 21st century technologies. This process looks to transform the electric system to one that is more efficient and all around ‘smarter’ than the current grid, potentially benefiting consumers and utilities alike. Companies in this fund include those that areengaged and involved in maintaining and operating the electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector. Due to the often specialized nature of many of the companies in this field, most do not find their way into other, broad utility ETFs such as XLU or UTH making GRID an interesting pick for those looking to ‘complete’ their exposure to the utility sector. However, with budget crises around the country, the amount of money that can go to smart grid projects here in the U.S. may be limited so many should look for high levels of volatility in these products both due to their small cap nature as well as the political uncertainty surrounding the field.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Materials
Sector (Specific) Electric Energy Infrastructure
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: Global Infrastructure
Category Sector
Focus Theme
Niche Infrastructure
Strategy Equal
Weighting Scheme Tiered

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $71.92
  • 52 Week Hi $104.46
  • AUM $643.9 M
  • Shares 7.0 M

Historical Trading Data

  • 1 Month Avg. Volume 29,333
  • 3 Month Avg. Volume 26,711

Alternative ETFs in the ETF Database Alternative Energy Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LCTD 0.20% $448.6 M 36,827 -14.74%
Largest (AUM) ICLN 0.40% $5.3 B 9 M -0.99%
Most Liquid (Volume) ICLN 0.40% $5.3 B 9 M -0.99%
Top YTD Performer TAN 0.69% $2.8 B 1 M 6.99%

Alternative ETFs in the FactSet Equity: Global Infrastructure Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GII 0.40% $575.7 M 43,748 1.21%
Largest (AUM) IGF 0.40% $3.7 B 570,045 0.95%
Most Liquid (Volume) IGF 0.40% $3.7 B 570,045 0.95%
Top YTD Performer GII 0.40% $575.7 M 43,748 1.21%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GRID ETF Database Category Average FactSet Segment Average
Number of Holdings 84 71 95
% of Assets in Top 10 60.86% 45.85% 41.49%
% of Assets in Top 15 72.59% 59.00% 53.15%
% of Assets in Top 50 98.01% 92.08% 89.09%

Size Comparison

GRID ETF Database Category Average FactSet Segment Average
Large (>12.9B) 87.09% 45.47% 70.93%
Mid (>2.7B) 8.53% 30.96% 24.07%
Small (>600M) 3.34% 17.89% 3.30%
Micro (<600M) 0.17% 4.89% 0.08%

GRID Valuation

This section compares the P/E ratio of this ETF to its peers.

GRID
P/E Ratio
31.12
ETF Database Category Average
P/E Ratio
20.37
FactSet Segment Average
P/E Ratio
17.42

GRID Dividend

This section compares the dividend yield of this ETF to its peers.

GRID ETF Database Category Average FactSet Segment Average
Dividend $ 0.22 $ 0.09 $ 0.33
Dividend Date 2021-09-23 N/A N/A
Annual Dividend Rate $ 0.76 $ 0.51 $ 0.82
Annual Dividend Yield 0.73% 0.83% 1.72%

GRID Price and Volume Charts

View charts featuring GRID price and volume data.

GRID Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -4.52 M 1 Month Net Flows: -12.75 M 3 Month Net Flows: -8.52 M 6 Month Net Flows: -7.27 M 1 Year Net Flows: -31.17 M 3 Year Net Flows: 589.1 M 5 Year Net Flows: 592.64 M 10 Year Net Flows: 598.4 M

GRID Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.