5 Growth ETFs to Buy Now

In this article, we discuss the 5 growth ETFs to buy now. If you want to read about some more growth ETFs, go directly to 10 Growth ETFs to Buy Now.

5. iShares S&P 500 Growth ETF (NYSE:IVW)

iShares S&P 500 Growth ETF (NYSE:IVW) is an exchange traded fund that invests exclusively in large-cap stocks that exhibit growth characteristics. The fund invests at least 80% of net assets in securities of this type. The other 20% may be invested in futures, options and swap contracts, cash and cash equivalents.

A premier holding of the iShares S&P 500 Growth ETF (NYSE:IVW) is PayPal Holdings, Inc. (NASDAQ:PYPL), a payments technology company. At the end of the fourth quarter of 2021, 110 hedge funds in the database of Insider Monkey held stakes worth $9.9 billion in PayPal Holdings, Inc. (NASDAQ:PYPL), compared to 123 in the preceding quarter worth $12.8 billion.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and PayPal Holdings, Inc. (NASDAQ:PYPL) was one of them. Here is what the fund said:

“PayPal Holdings, Inc. (NASDAQ:PYPL), a platform and provider of digital and mobile payment services through brands including Venmo, enhances our exposure to digital payments, e-commerce, and fintech; nascent markets with penetration rates accelerating globally. The pandemic pulled forward the growth of digital payments, which was further accelerated by PayPal’s entrance into cryptocurrency and buy now, pay later (BNPL). Shares recently declined 40% from their 52-week high due to competitive concerns and disruptions to consumer spending, providing an attractive entry point. PayPal Holdings, Inc. (NASDAQ:PYPL) is trading at its pre-pandemic multiple while its long-term growth drivers remain intact and it has increased innovation at both Venmo and core PayPal Holdings, Inc. (NASDAQ:PYPL), adding new experiences around shopping and investing that we expect to positively contribute to growth in users and average revenue per user over the next five years.”