First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

GRID

Market cap $5.73B

Crumly & Associates Inc. initiated a new position in GRID, buying 49,139 shares for an estimated $7.52 million based on quarterly average prices. This transaction resulted in the GRID position representing 1.6% of the fund's reportable U.S. equity assets under management (AUM).

Wealth management firm BFI Infinity acquired 69,908 shares valued at $10,697,322 as of the end of the fourth quarter in 2025. A new quarter-end position was established with a value of $10,697,322.

WESPAC Advisors acquired 32,351 shares; estimated trade size was $4.96 million based on quarterly average price. WESPAC Advisors' quarter-end position value rose by $4.99 million, reflecting both new shares and price fluctuation.

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF is downgraded to Hold as valuation approaches a 21x P/E and technical momentum cools. GRID's strong 32% YoY return and robust liquidity are offset by a high PEG ratio above 2, signaling limited margin for error at current levels. Sector allocation remains concentrated: Industrials (60%), Utilities (23%), and Information Technology (12.5%), with top 10 holdings comprising 57% of assets.

Thematic ETF assets climbed 49.6% through the first 11 months of 2025, reaching $467.93 billion by the end of November, according to research from ETFGI. Investors moved money into funds targeting specific investment themes rather than broad market exposure.

Tantalus Systems Holding Inc. (GRID:CA) Discusses Data-Driven Utility Solutions and Grid Modernization Platform Demo Transcript

Launched on November 16, 2009, the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Infrastructure segment of the equity market.

Tantalus Systems Holding Inc. ( GRID:CA ) Discusses Q3 Results With Record Recurring Revenue and Margin Growth November 25, 2025 10:00 AM EST Company Participants Azim Lalani - Chief Financial Officer Peter Londa - CEO, President & Director Conference Call Participants Deborah Honig - Adelaide Capital Presentation Azim Lalani Chief Financial Officer [Audio Gap] $100,000 or 10%. The increases in revenue were the result of higher sales volumes to our existing customers and the conversion of our new utility customers that are commencing projects with Tantalus.

Tantalus Systems Holding Inc. ( GRID:CA ) Q3 2025 Earnings Call November 13, 2025 10:00 AM EST Company Participants Peter Londa - CEO, President & Director Azim Lalani - Chief Financial Officer Conference Call Participants Deborah Honig - Adelaide Capital Nicholas Boychuk - Cormark Securities Inc., Research Division Daniel Magder - Raymond James Ltd., Research Division Gianluca Tucci - Haywood Securities Inc., Research Division Gabriel Leung - Beacon Securities Limited, Research Division Daniel Rosenberg - Paradigm Capital Inc., Research Division Presentation Operator Good day, and welcome to the Tantalus Systems Third Quarter 2025 Financial Results Conference Call.

The smart grid narrative has faded into the background, but it is still at the core of the ongoing process of network digitalization and automation. And GRID combines industry, energy, and technology with global exposure to the smart grid segment. Its sectoral and geographical diversification makes it, in my opinion, a thematic ETF worth considering for the satellite component.