On Might 8, 2026, NewSquare Capital filed with the SEC to report the sale of 97,285 shares of the Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)an estimated $12.07 million commerce primarily based on quarterly common pricing.
What occurred
Based on a Securities and Exchange Commission (SEC) filing dated Might 8, 2026, NewSquare Capital offered 97,285 shares of the Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) through the first quarter. The estimated transaction worth was $12.07 million, calculated utilizing the common closing value for the quarter. The fund reported holding 108,116 shares, price $13.05 million, at quarter-end.
What else to know
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The promote lowered the PDP stake to 1.13% of reportable 13F belongings below administration.
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High holdings after the submitting:
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NYSEMKT:VTI: $116.94 million (10.2% of AUM)
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NYSEMKT:Worth: $66.55 million (5.8% of AUM)
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NYSEMKT:SCHX: $60.30 million (5.3% of AUM)
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NYSEMKT:IJH: $33.46 million (2.9% of AUM)
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NASDAQ:BND: $31.75 million (2.8% of AUM)
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As of Might 7, 2026, PDP shares had been priced at $139.28, up 37% over the previous 12 months, with a 7 percentage-point alpha versus the S&P 500.
ETF overview
|
Metric |
Worth |
|---|---|
|
Worth (as of market shut Might 7, 2026) |
$139.28 |
|
One-year complete return |
37% |
|
Dividend yield (TTM) |
0.1% |
|
AUM |
$1.5 billion |
ETF snapshot
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Funding technique: PDP seeks to trace the Dorsey Wright Technical Leaders Index, specializing in U.S. equities exhibiting robust relative momentum traits.
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Underlying holdings: The portfolio consists of roughly 100 U.S. corporations chosen and rebalanced quarterly primarily based on proprietary momentum screening.
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Expense ratio and construction: It has a passively managed ETF construction, designed for environment friendly publicity to momentum equities; see prospectus for price particulars.
The Invesco Dorsey Wright Momentum ETF provides buyers systematic publicity to U.S. equities demonstrating robust relative energy, utilizing a rules-based methodology to seize momentum-driven efficiency. The fund’s quarterly rebalancing ensures the portfolio stays aligned with prevailing market management developments. This disciplined strategy supplies entry to a diversified set of high-momentum shares whereas leveraging the liquidity and transparency of the ETF construction.
What this transaction means for buyers
PDP delivered a 36.6% one-year NAV return by means of April 30 and outpaced the Russell 3000 Progress Index over one-, three-, and five-year durations, and that robust momentum-driven rally could be a part of why NewSquare determined to trim its stake right here. PDP’s technique focuses on roughly 100 U.S. corporations displaying robust relative energy traits, with quarterly rebalancing designed to maintain the portfolio tilted towards market leaders. Present prime holdings embrace names like Consolation Methods USA, Apple, Amphenol, Quanta Providers, and Western Digital.
For long-term buyers, it’s vital to keep in mind that momentum methods can work extraordinarily effectively throughout robust bull markets, however in addition they are likely to reverse shortly when management adjustments. PDP’s focus in higher-growth sectors and comparatively elevated valuation metrics, together with a price-to-earnings ratio above 33, might go away the fund extra weak if market sentiment shifts. And in the end, NewSquare Capital nonetheless retained greater than $13 million price of shares at quarter-end, suggesting the agency is probably going simply trimming publicity after outsized features.
