The Invesco DWA Momentum ETF (Ticker: PDP) is a dynamic investment vehicle designed to capture the potential of high-momentum stocks across the entire U.S. equity market. As a distinguished player within the Total Market category, PDP offers investors exposure to a broad-based niche that leverages the power of momentum investing. This fund meticulously tracks the Dorsey Wright Technical Leaders Index, which identifies and invests in companies demonstrating robust relative strength and upward price movement—a strategy that seeks to capitalize on the tendency for strong performers to continue their trajectory.
PDP's strategic approach is rooted in size and style focus, allowing for a diverse mix of companies, from small-cap innovators to large-cap stalwarts, all selected for their exceptional momentum characteristics. This enables investors to tap into a comprehensive market slice that transcends traditional sector boundaries, providing a unique blend of growth opportunities.
With a disciplined methodology and a keen eye on market trends, the Invesco DWA Momentum ETF is engineered for growth-oriented investors looking to enhance their portfolios with a tactical allocation to momentum-driven equities. Whether you are seeking diversification or aiming to harness the potential of market leaders, PDP stands as a compelling choice within the ETF landscape.
Invesco DWA Momentum ETF (PDP) Fund Flow Chart
Invesco DWA Momentum ETF (PDP) 1 year Net Flows: -$86M
For ETFs, the calculations for the Smart Score, Analyst Consensus, Price Target, Blogger Sentiment, News Sentiment and Insider Transactions are based on the weighted average of the ETF's holdings and some additional factors. Hedge Fund Trend, Crowd Wisdom and Technicals are based on the actual ETF ticker.