5 Best Performing Healthcare ETFs in 2022

4. Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

YTD Return as of December 9: -0.95%

The Health Care Select Sector SPDR Fund (NYSEARCA:XLV)  is offering a yield of 1.42% and has an expense ratio of 0.11%. The fund mirrors the returns of the Health Care Select Sector Index and employs a full replication technique. As of December 9, the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) has lost 0.95% year to date and is part of the best performing healthcare ETFs in 2022.

The Health Care Select Sector SPDR Fund (NYSEARCA:XLV) has 66 holdings and a top ten holdings concentration of 55.03%. Johnson & Johnson (NYSE:JNJ) is one of the top holdings of the Health Care Select Sector SPDR Fund (NYSEARCA:XLV). At the close of Q3 2022, Ken Fisher’s Fisher Asset Management was the largest investor in Johnson & Johnson (NYSE:JNJ) and disclosed a position worth $967.2 million in the company.

This December, Morgan Stanley analyst Terence Flynn raised his price target on Johnson & Johnson (NYSE:JNJ) to $178 from $170 and maintained an Equal Weight rating on the shares. As of December 9, the stock has gained 2.45% year to date and is offering a yield of 2.57%.

Here is what Distillate Capital Partners LLC had to say about Johnson & Johnson (NYSE:JNJ) in its second-quarter 2022 investor letter:

“Johnson & Johnson was among the 2 largest trims at around 1% each. Each stock was up 1% in the quarter compared to the 16% price decline for the S&P 500 and the positions were reduced as the valuations became somewhat less appealing, though still attractive enough to warrant inclusion.”