Top 5 ETFs For Beginners

2. Global X Conscious Companies ETF (NASDAQ:KRMA)

NAV as of September 30: $25.96

Global X Conscious Companies ETF (NASDAQ:KRMA) seeks to track the performance and investment results of the Concinnity Conscious Companies Index. Global X Conscious Companies ETF (NASDAQ:KRMA) exposes investors to well-managed companies that exhibit positive Environmental, Social and Corporate Governance (ESG) characteristics. The ETF has net assets of $595.58 million and a total expense ratio of 0.43% as of September 29. 

One of the biggest stocks in Global X Conscious Companies ETF (NASDAQ:KRMA)’s portfolio is ConocoPhillips (NYSE:COP),  an American multinational corporation engaged in hydrocarbon exploration and production. On September 12, Piper Sandler analyst Ryan Todd raised the price target on ConocoPhillips (NYSE:COP) to $134 from $123 and kept an Overweight rating on the shares, citing a constructive stance of the integrated oils group. 

Among the hedge funds tracked by Insider Monkey, 71 hedge funds were bullish on ConocoPhillips (NYSE:COP) at the end of June 2022, compared to 67 funds in the last quarter. Ken Fisher’s Fisher Asset Management held the biggest stake in the company, with 6.7 million shares worth $607.2 million. 

Here is what ClearBridge Investments Large Cap Value Strategy has to say about ConocoPhillips (NYSE:COP) in its Q1 2022 investor letter:

“The energy sector, which led a strong market in 2021, generated even more dramatic relative performance in the quarter, advancing 39% and leading the benchmark Russell 1000 Value Index. Years of restrained investment in the energy sector, combined with a strong post-pandemic recovery, contributed to the higher commodity prices. The upward pressure escalated with the Russian invasion of Ukraine. Our energy holdings ConocoPhillips (NYSE:COP) benefited from higher commodity prices and was among the top contributors to first-quarter performance.”