5 Best Performing Growth ETFs in 2022

1. ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)

YTD Return as of December 8: -11.68%

The ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) invests in dividend paying growth stocks. The fund tracks the performance of the S&P Technology Dividend Aristocrats Index and employs a full replication technique. The ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) has an expense ratio of 0.45% and is yielding 1.54%. The fund pays out dividends on a quarterly basis.

As of December 8, the ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) has lost 11.68% year to date and has outperformed the Nasdaq by more than 18%. This justifies its place among the best performing growth ETFs in 2022. The fund has 41 holdings and a top ten holdings concentration of 26.16%.

Texas Instruments Incorporated (NASDAQ:TXN) is one of the most prominent holdings of the ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV). As of September 30, First Eagle Investment Management is the top investor in Texas Instruments Incorporated (NASDAQ:TXN) and has a stake worth $556 million.

On October 26, Deutsche Bank analyst Ross Seymore revised his price target on Texas Instruments Incorporated (NASDAQ:TXN) to $155 from $160 and reiterated a Hold rating on the shares.

Here is what Diamond Hill Capital had to say about Texas Instruments Incorporated (NASDAQ:TXN) in its third-quarter 2022 investor letter:

“Other top contributors in Q3 included health insurance company Humana, semiconductor manufacturer Texas Instruments Incorporated (NASDAQ:TXN) and home improvement retailer Home Depot. Shares of Texas Instruments outperformed as the COVID lockdowns eased in China, and customers could accept the product shipments leading to an upside in expectations.”

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