5 ETFs to Invest In For Beginners

1. iShares Core S&P Total U.S. Stock Market ETF (NYSE:ITOT)

iShares Core S&P Total U.S. Stock Market ETF (NYSE:ITOT) seeks to track the investment results of the S&P Total Market Index, a broad index comprising U.S. equities, including small, mid, and large-cap plays. As of June 6, the fund owns 3,623 stocks in its portfolio and has a 30-day SEC yield of 1.40% as of April 29. The management fee equals 0.03%. 

One of the largest holdings in iShares Core S&P Total U.S. Stock Market ETF (NYSE:ITOT)’s portfolio is Tesla, Inc. (NASDAQ:TSLA), the California-based manufacturer of electric vehicles and battery energy storage systems. On June 1, Goldman Sachs analyst Mark Delaney maintained a Buy rating on Tesla, Inc. (NASDAQ:TSLA) but adjusted the price target to $1,000 from $1,200. In the U.S. autos and industrial technology space, he is widely cutting estimates and price targets to account for increasing logistical constraints in the short-term and softer demand in the intermediate-term, he told investors. 

According to Insider Monkey’s data, Catherine D. Wood’s ARK Investment Management is a significant stakeholder of the company, with 1.59 million shares worth $1.71 billion. Overall, 80 hedge funds were bullish on the stock at the end of March 2022. 

Here is what Baron Fifth Avenue Growth Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2022 investor letter:

“During the first quarter, we bought back shares in Tesla, Inc., which designs, manufactures, and sells electric vehicles, solar products, energy storage solutions, and batteries. We believe that despite the run in the stock over the last few years, Tesla presents a favorable risk/reward profile and remains a Big Idea with only about 1% market share of the automotive market. Since we bought the stock during the first quarter, shares increased 27.1%, despite a complex supply-chain environment, on continued revenue growth and record profitability. Robust demand and operational optimization allow the company to offset inflationary pressures while vertical integration provides flexibility around supply bottlenecks. Moreover, we expect new localized manufacturing capacity to drive additional efficiencies while software initiatives, including the autonomous driving program, are accelerating, offering valuable optionality to the stock.” 

You can also take a look at 10 Best ETFs to Invest In for Retirement and 10 Growth ETFs to Buy Now. 

Follow Insider Monkey on Twitter