On May 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 trade based on quarterly average pricing.
What happened
According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, NewSquare Capital sold 97,285 shares of the Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the first quarter. The estimated transaction value was $12.07 million, calculated using the average closing price for the quarter. The fund reported holding 108,116 shares, worth $13.05 million, at quarter-end.
What else to know
The sell reduced the PDP stake to 1.13% of reportable 13F assets under management.
Top holdings after the filing:
NYSEMKT:VTI: $116.94 million (10.2% of AUM)
NYSEMKT:VEU: $66.55 million (5.8% of AUM)
NYSEMKT:SCHX: $60.30 million (5.3% of AUM)
NYSEMKT:IJH: $33.46 million (2.9% of AUM)
NASDAQ:BND: $31.75 million (2.8% of AUM)
As of May 7, 2026, PDP shares were priced at $139.28, up 37% over the past year, with a 7 percentage-point alpha versus the S&P 500.
ETF overview
Metric
Value
Price (as of market close May 7, 2026)
$139.28
One-year total return
37%
Dividend yield (TTM)
0.1%
AUM
$1.5 billion
ETF snapshot
Investment strategy: PDP seeks to track the Dorsey Wright Technical Leaders Index, focusing on U.S. equities exhibiting strong relative momentum characteristics.
Underlying holdings: The portfolio consists of approximately 100 U.S. companies selected and rebalanced quarterly based on proprietary momentum screening.
Expense ratio and structure: It has a passively managed ETF structure, designed for efficient exposure to momentum equities; see prospectus for fee details.
The Invesco Dorsey Wright Momentum ETF offers investors systematic exposure to U.S. equities demonstrating strong relative strength, using a rules-based methodology to capture momentum-driven performance. The fund’s quarterly rebalancing ensures the portfolio remains aligned with prevailing…
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