Inside a $7.5 Million ETF Bet on Smart Grid Stocks That Has Topped the S&P 500 by 14 Points

Core Insights - Crumly & Associates Inc. has disclosed a new position in the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), acquiring 49,139 shares valued at approximately $7.52 million [1][2] - The fund targets companies involved in smart grid and energy infrastructure, utilizing a rules-based, index-tracking approach [6][9] - GRID has shown strong performance, with a 33.7% increase in share price over the past year, outperforming the S&P 500 by 14.4 percentage points [3][10] Fund Overview - The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has total assets under management (AUM) of $5.26 billion [4] - As of the latest report, GRID shares are priced at $156.56, with a dividend yield of 1.0% [4] - The fund's investment strategy focuses on companies engaged in smart grid technologies, electric meters, and energy management systems [9] Investment Implications - Crumly & Associates' investment may indicate a long-term view on the importance of electrification and grid modernization across economic cycles [10] - The smart grid theme has proven successful, with GRID's performance driven by investments in companies related to transmission and power management rather than solely renewable energy [10] - The fund's underlying holdings include major companies like ABB, Schneider Electric, and Eaton, which are positioned to benefit from multi-year capital spending [10][11]