Top 5 ETFs For Beginners

3. Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS)

NAV as of September 30: $68.50

Another notable ETF for beginners is Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS), which follows the performance of the Dorsey Wright SmallCap Technical Leaders Index. The fund focuses on small-cap firms and the expense ratio came in at 0.60%. As of September 30, Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) holds 201 stocks in its portfolio. 

CONSOL Energy Inc. (NYSE:CEIX), a Pennsylvania-based producer and exporter of bituminous coal, is one of the top holdings of Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS). On August 8, B. Riley analyst Lucas Pipes raised the price target on CONSOL Energy Inc. (NYSE:CEIX) to $79 from $63 and kept a Buy rating on the shares following the “strong” Q2 results.

According to Insider Monkey’s data, 23 hedge funds were bullish on CONSOL Energy Inc. (NYSE:CEIX) at the end of June 2022, compared to 22 funds in the preceding quarter. David Einhorn’s Greenlight Capital is the leading stakeholder of the company, with 1.6 million shares worth about $81 million. 

Here is what Greenlight Capital has to say about CONSOL Energy Inc. (NYSE:CEIX) in its Q2 2022 investor letter:

“CONSOL Energy (NYSE:CEIX). The shares ended the quarter at $49.38. Though it trades at a nosebleed 2.6x book value, we expect the company to generate approximately $50 per share in after-tax free cash flow by the end of 2023. Capital returns have not yet begun, but we expect they will shortly.”