5 Best Lithium ETFs

3. Global X Battery Tech & Lithium ETF (ASX:ACDC)

5-Year Performance as of September 4: 97.50%

The Global X Battery Tech & Lithium ETF (ASX:ACDC) is one of the best lithium ETFs. It aims to reflect the performance of the Solactive Battery Value-Chain Index’s price and yield. This ETF provides an opportunity for investors to tap into global companies involved in developing electro-chemical storage technology, as well as mining firms producing battery-grade lithium. Launched on August 30, 2018, the fund’s assets under management totaled A$615.4 million as of September 1, 2023. Its management cost stands at 0.69% and the ETF’s portfolio comprises 32 stocks.

EnerSys (NYSE:ENS) is one of the top holdings of the Global X Battery Tech & Lithium ETF (ASX:ACDC). EnerSys (NYSE:ENS) offers diverse stored energy solutions for industrial uses around the globe. The company functions through three segments – Energy Systems, Motive Power, and Specialty. Its products are distributed through a system of distributors, independent representatives, and their own sales teams.

According to Insider Monkey’s second quarter database, 29 hedge funds were bullish on EnerSys (NYSE:ENS), up from 23 in the previous quarter. Herbert Frazier’s Hill City Capital is the largest stakeholder of the company, with 607,500 shares worth $65.9 million.

Vulcan Value Partners made the following comment about EnerSys (NYSE:ENS) in its second quarter 2023 investor letter:

“EnerSys (NYSE:ENS) is a global leader in stored energy solutions for industrial applications. Pandemic related supply chain issues slowed revenue growth, depressed margins, and decreased free cash flow. Management has done a good job recapturing higher input costs. At their recent investment day, they confirmed that their growth drivers remain in place, though they may develop slower than the company originally forecast.”