The AI (ChatGPT) ESG Stock Investing Guide: First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index ETF (GRID)

Here is the response from ChatGPT for the prompt First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index ETF (GRID) components fees AUM price history ESG rating 700 words entered on April 17, 2023.

The First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index ETF (GRID) is an exchange-traded fund that invests in companies involved in the development, manufacturing, and distribution of technologies related to smart grid infrastructure. In this response, I will provide an overview of the ETF's components, fees, AUM, price history, and ESG rating.

Components: The GRID ETF invests in companies involved in various aspects of smart grid infrastructure, including grid automation and management, advanced metering infrastructure, electric vehicle infrastructure, and energy storage. Some of the ETF's top holdings include Eaton Corporation plc, Schneider Electric SE, and Siemens AG.

Fees: The GRID ETF has a net expense ratio of 0.70%, which is slightly lower than the average expense ratio for all ETFs. This makes it relatively affordable compared to other ETFs in the clean energy and technology sectors. Investors should be aware that there may be other transaction fees and expenses associated with buying and selling shares of the ETF.

AUM: As of April 17th, 2023, the GRID ETF has an AUM of approximately $2.5 billion. This is a relatively large ETF compared to others in the smart grid infrastructure sector, indicating strong investor interest in the industry.

Price history: The GRID ETF was launched in November 2009 and has had a relatively stable price history. It experienced moderate growth in the years following its launch, reaching an all-time high of $57.82 in January 2018. However, it then experienced a decline, dropping to a low of $27.67 in March 2020 during the COVID-19 pandemic. Since then, it has recovered somewhat, but it has still not reached its previous highs. As of April 17th, 2023, the ETF is trading at around $48.54 per share.

ESG rating: The GRID ETF has an ESG rating of "A" from MSCI ESG Fund Metrics, which is considered to be a high rating. The rating takes into account the ETF's exposure to companies with good environmental, social, and governance (ESG) practices. This includes factors such as energy efficiency, carbon emissions, labor practices, and board diversity. The ETF also avoids companies involved in controversial activities, such as weapons or tobacco. Investors can feel confident that the ETF is investing in companies with strong ESG practices.

Conclusion: The First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index ETF (GRID) is an exchange-traded fund that invests in companies involved in the development, manufacturing, and distribution of technologies related to smart grid infrastructure. It has a relatively affordable net expense ratio compared to other ETFs in the clean energy and technology sectors. The ETF has a large AUM, indicating strong investor interest in the smart grid infrastructure sector. The ETF has had a stable price history, and it has a high ESG rating, indicating that it invests in companies with strong ESG practices and avoids those involved in controversial activities. Overall, investors should carefully consider the GRID ETF's components, fees, AUM, price history, and ESG rating before deciding whether to invest in it.

Table and Chart of GRID Performance (From buyupside.com. Not from chatGPT.)

See what a $1,000 investment in First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index ETF (GRID) is worth today.

Values are based on monthly closes adjusted for splits and dividends from Alpha Vantage.