Summary
PDP Chart
PDP: Challenging Times For This Momentum-Focused ETF
The Invesco Dorsey Wright Momentum ETF (PDP) has a portfolio tilted to high-growth stocks, but with high volatility and historical underperformance compared to peers and the Russell 1000 index. PDP's portfolio is heavily weighted towards technology, industrials, and financial services, with limited exposure to defensive sectors like healthcare and utilities. PDP's high valuation and historical underperformance, coupled with high volatility and low dividend yield, make it less attractive compared to other momentum funds.
PDP: Underperforming Momentum ETF
Invesco Dorsey Wright Momentum ETF holds about 100 stocks, focusing on superior price relative strength. PDP is diversified across sectors and holdings, and has high-growth metrics. PDP has underperformed the Russell 1000 index since 2007 and several momentum ETFs since 2018.
Invesco Dorsey Wright Momentum ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 585 | $67,070.75 | $81,183.37 | $14,112.62 | 21.04% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,281 | $140,892.4 | $176,015.8 | $35,123.4 | 24.93% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 19,822 | $2.19M | $2.75M | $559,620.59 | 25.54% |
| SS Scott Solod Kelly Financial Group LLC | 10,913 | $1.17M | $1.47M | $298,036.52 | 25.38% |
 Jeff Ameen Spire Wealth Management | 3,404 | $326,912.06 | $483,265.88 | $156,353.82 | 47.83% |
Invesco Dorsey Wright Momentum ETF (PDP) FAQ
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Invesco Dorsey Wright Momentum ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
This fund is designed for investors looking to capitalize on the performance of some of the largest and most influential companies within the NASDAQ US Benchmark Index™. By investing a minimum of 90% of its total assets in about 100 securities selected from an eligible pool of roughly 1,000 of the largest market capitalization stocks, the fund aims to mirror the economic performance of the underlying index closely. This strategic approach to investment offers a focused yet diversified portfolio, targeting the dynamism and innovation representative of the NASDAQ's leading companies.
Products and Services
The fund offers a unique investment product characterized by its adherence to the NASDAQ US Benchmark Index™ and its focused selection strategy. Below is a detailed explanation of its primary investment approach:
- Index-Based Investment Strategy: The fund's core product is the index-based investment strategy, focusing on replicating the performance of the underlying index. This strategy involves investing in approximately 100 of the largest market capitalization securities out of an eligible universe taken from the NASDAQ US Benchmark Index™. This allows investors to gain exposure to a basket of securities, which reflects the economic performance of some of the most significant and influential companies listed on the NASDAQ.
