PDP: INVESCO DORSEY WRIGHT MOMENTUM ETF
What this ETF is trying to do
The INVESCO DORSEY WRIGHT MOMENTUM ETF (ticker: PDP) is an exchange-traded fund designed to follow a momentum strategy. While the specific mechanics of its strategy are not detailed in the data, momentum ETFs generally focus on stocks that have shown strong price trends. This fund holds 102 different companies.
What the numbers show
The data shows that PDP has experienced significant share-price growth over various timeframes.
• Year-to-Date (YTD): The YTD price return is approximately 21.32%.
• One-Year: The one-year price return is approximately 18.44%.
• Three-Year: The three-year price return is approximately 86.48%.
When looking at total returns—which include both price changes and distributions—the numbers are very similar. The YTD total return is 21.32%, the one-year total return is 18.44%, and the three-year total return is approximately 87.31%.
To put the one-year growth into perspective, the estimated price from roughly one year ago was $119.24, compared to the current price of $141.22.
Income and distribution explanation
Based on the supplied facts, no distributions have been detected for this ETF. The distribution yield is 0%, and there have been zero payouts in the last 12 months. Because there are no distributions, this ETF is not currently acting as an income-focused tool for investors seeking regular cash payments.
NAV erosion explanation
NAV erosion refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund's price-based health looks strong according to the provided metrics. The erosion-risk score is 100, which is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag present.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• Apple Inc (AAPL): 3.53%
• Targa Resources Corp (TRGP): 3.14%
• Amphenol Corp Class A (APH): 2.98%
• Sandisk Corp Ordinary Shares (SNDK): 2.53%
• ATI Inc (ATI): 2.40%
• Comfort Systems USA Inc (FIX): 2.32%
• Carpenter Technology Corp (CRS): 2.11%
• Micron Technology Inc (MU): 2.02%
• W.W. Grainger Inc (GWW): 1.82%
• Seagate Technology Holdings PLC (STX): 1.77%
Please remember that holdings can change over time.
Pros
• Strong historical price returns over one, three, and five-year periods.
• No detected price erosion according to the erosion-risk score.
Cons
• Does not provide cash distributions or income based on recent data.
Beginner takeaway
PDP is an ETF that has shown strong share-price growth over the last several years. It is currently focused on price appreciation rather than paying out regular income to investors.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | APPLE INC | AAPL | 3.53% |
| 2 | TARGA RESOURCES CORP | TRGP | 3.14% |
| 3 | AMPHENOL CORP CLASS A | APH | 2.98% |
| 4 | SANDISK CORP ORDINARY SHARES | SNDK | 2.53% |
| 5 | ATI INC | ATI | 2.40% |
| 6 | COMFORT SYSTEMS USA INC | FIX | 2.32% |
| 7 | CARPENTER TECHNOLOGY CORP | CRS | 2.11% |
| 8 | MICRON TECHNOLOGY INC | MU | 2.02% |
| 9 | W.W. GRAINGER INC | GWW | 1.82% |
| 10 | SEAGATE TECHNOLOGY HOLDINGS PLC | STX | 1.77% |