5 Best Defensive ETFs to Buy Amid Recession Fears

In this article, we discuss 5 best defensive ETFs to buy amid recession fears. If you want to see more ETFs as defensive plays amid recession, click 10 Best Defensive ETFs to Buy Amid Recession Fears. 

5. VegTech Plant-based Innovation & Climate ETF (NYSE:EATV)

VegTech Plant-based Innovation & Climate ETF (NYSE:EATV) is an actively managed exchange traded fund that offers exposure to the emerging global plant-based foods and materials theme through innovative VegTech companies. The fund was established at the end of December 2021, and has net assets of $4.5 million and an expense ratio of 0.75%. The portfolio consists of 43 securities. 

The biggest holding of VegTech Plant-based Innovation & Climate ETF (NYSE:EATV) is Ingredion Incorporated (NYSE:INGR), an Illinois-based company that offers sweetener products, food-grade and industrial starches, biomaterials, and nutrition ingredients. The ETF owns a $430,000 stake in Ingredion Incorporated (NYSE:INGR), representing 9.53% of the total securities. 

On May 23, Ingredion Incorporated (NYSE:INGR) declared a $0.65 per share quarterly dividend, in line with previous. The dividend is distributable on July 26, to shareholders of record on July 1. As of June 9, the company delivers a dividend yield of 2.85%. The company posted on May 5 its Q1 results, reporting earnings per share of $1.95 and a revenue of $1.89 billion, above Street consensus estimates by $0.14 and $125 million, respectively. 

According to Insider Monkey’s Q1 data, Ingredion Incorporated (NYSE:INGR) was part of 26 public hedge fund portfolios, with collective stakes amounting to $386.4 million. Donald Yacktman’s Yacktman Asset Management is the leading stakeholder of the company, with 2.3 million shares worth $207.85 million.