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I am not a stock trading expert, but I can provide you with general information about the Exchange Traded Fund (ETF) with the stock symbol GRID, which trades on the US stock exchange and focuses on companies related to renewable energy infrastructure.
Ticker Symbol: GRID
Name: Invesco WilderHill Clean Energy ETF
Exchange: CBOE BZX
The Invesco WilderHill Clean Energy ETF (GRID) seeks to track the investment results (before fees and expenses) of the NYSE Arca WilderHill Clean Energy Index. The index is a rules-based index composed of U.S. exchange-listed securities of companies that create or engage in renewable energy sources, energy conservation, or other clean technologies.
Here are some key metrics (as of Feb 24, 2023) about GRID:
* ETF Net Assets: $482.25M
* Price: $34.33
* YTD Return: -12.52%
* 1-Year Return: -20.17%
* Expense Ratio: 0.70%
* 12-Month Trailing Yield: 0.00%
* Average Volume (3-month): 309,404
* Number of Holdings: 40
The top 5 holdings of GRID currently are:
1. Enphase Energy Inc.
2. Sunrun Inc.
3. Albemarle Corporation
4. Fisker Inc.
5. Daqo New Energy Corp.
The Invesco WilderHill Clean Energy ETF is a passively managed ETF that provides exposure to companies in the clean energy sector. Investors considering GRID should note that the ETF has underperformed the broader U.S. stock market in the past year and has a relatively high expense ratio of 0.70%. However, the ETF's focus on renewable energy and sustainable technologies may appeal to investors looking to invest in companies that align with environmental, social, and governance (ESG) principles.
It is important to note that past performance does not guarantee future results. Therefore, investors should carefully consider their investment objectives, risk tolerance, and financial situation before investing in any security. It is recommended that investors speak with a financial advisor or conduct their research before investing in the Invesco WilderHill Clean Energy ETF (GRID) or any other ETF or security.