WESPAC Advisors acquired 32,351 shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, valued at $4.96 million. The quarter-end position value rose by $4.99 million, making GRID 1.62% of the fund’s assets under management (AUM), exceeding the top five holdings.

The fund’s investment strategy focuses on smart grid infrastructure, allocating 90% to related equities. The ETF structure offers liquidity and transparency, emphasizing companies involved in electric grid infrastructure. GRID’s growth potential aligns with the trend towards clean energy and technological advancements in the sector.

WESPAC Advisors SoCal doubled its holdings of GRID, reflecting a bullish outlook on electric grid modernization. The fund’s focus on smart grid infrastructure aligns with the increasing demand for clean energy due to AI advancements. WESPAC’s move indicates confidence in the fund’s long-term growth potential amidst evolving energy needs.

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund provides targeted exposure to companies driving innovation in the smart grid sector. With a 30.10% one-year total return and a dividend yield of 0.98%, GRID offers a balanced blend of capital appreciation and income potential for institutional portfolios.

Read more at Yahoo Finance: WESPAC Advisors Increased Its Position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure. Is the Index Fund a Buy?