1. iShares Russell Top 200 Growth ETF (NYSE:IWY)
5-Year Share Price Performance as of March 27: 137.32%
iShares Russell Top 200 Growth ETF (NYSE:IWY) aims to mirror the performance of the Russell Top 200 Growth Index, comprising large-cap US stocks demonstrating growth traits. It offers exposure to prominent US firms expected to experience above-average earnings growth compared to the broader market. iShares Russell Top 200 Growth ETF (NYSE:IWY) is one of the best growth ETFs to buy. As of March 27, 2024, the fund owns net assets worth $10.2 billion, along with an expense ratio of 0.20% and a portfolio comprising 110 stocks.
The Home Depot, Inc. (NYSE:HD) is one of the top holdings of iShares Russell Top 200 Growth ETF (NYSE:IWY). On March 28, The Home Depot, Inc. (NYSE:HD) agreed to acquire residential specialty trade distributor SRS Distribution for approximately $18.25 billion, including net debt. The deal is subject to regulatory approvals and is anticipated to close by the end of fiscal 2024, funded through cash and debt.
According to Insider Monkey’s fourth quarter database, 70 hedge funds were bullish on The Home Depot, Inc. (NYSE:HD), compared to 76 funds in the last quarter.
ClearBridge Sustainability Leaders Strategy made the following comment about The Home Depot, Inc. (NYSE:HD) in its Q3 2023 investor letter:
“The Home Depot, Inc. (NYSE:HD) has long been a leader in advancing sustainable forestry, and its wood products can have a significant impact, as timber rates at the top of high-risk commodities responsible for most agriculture-related deforestation (Exhibit 3). The home improvement retailer adopted its first wood purchasing policy in 1999, pledging to give preference to sustainably sourced wood and to eliminate wood purchases from endangered regions around the world.
Biodiversity-boosting efforts at Home Depot have included tracing the origin of all the wood products it sells. This forms part of the process of verifying sustainable production, which it does using the certification standards of the Forest Stewardship Council (FSC). Since 2000 Home Depot has developed programs to purchase FSC wood products, such as doors, boards and patio furniture, from over 60 global suppliers. It has also moved more than 90% of its cedar purchases to second-and third-growth forests, with the rest coming from areas with local community stakeholder review.”
Should you invest $1,000 in Home Depot right now?
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