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Invesco Dorsey Wright Momentum ETF

PDP · NASDAQ

Market closed$135.04$-0.470000 (-0.35%)After hours $135.04 · 0.00%

Key statistics

Previous close$135.51
Open$132.22
Day high$136.04
Day low$130.94
52-week high$153.23
52-week low$106.53
Market cap1.48B
Volume26.01K
Average volume25.88K
P/E ratio31.74
Forward P/E—
EPS4.25
Dividend yield0.00%

Market context

Why it moved

PDP edged slightly lower amid broad profit-taking and light trading volume, with no major company-specific catalysts to drive the momentum-focused ETF higher on the day.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026The Invesco Dorsey Wright Momentum ETF declined sharply as a broad technology and AI-linked selloff hit its top holdings hard, with Sandisk (-5.3%), Western Digital (-5.1%), and Micron (-3.2%) among the biggest drags. The momentum-strategy ETF, which concentrates in high-performing stocks like AAPL, SNDK, TRGP, APH, and FIX, was caught in a rotation away from AI infrastructure names as South Korea's Kospi tumbled 6.4% on losses in SK Hynix and Samsung, weighing on global semiconductor sentiment despite TSMC reporting record quarterly profits. While the financial sector ETF (XLF) held near 52-week highs, PDP's heavy tech tilt made it vulnerable to the day's chip-driven selloff.

-3.138

July 15, 2026The Invesco Dorsey Wright Momentum ETF declined after a volatile week marked by sector rotation away from high-momentum tech and semiconductor holdings. The fund's top holdings—including Apple, Sandisk, Amphenol, Applied Materials, and Micron—faced headwinds from a combination of geopolitical uncertainty (U.S.-Iran tensions disrupting the Strait of Hormuz), hawkish Fed concerns, and stretched valuations. While a softer-than-expected June CPI report helped spark a partial rebound in chip names on July 14, the broader momentum basket remained under pressure as IBM's 23% plunge weighed on software peers and KeyBanc's Apple downgrade rattled mega-cap sentiment.

-1.4581

July 14, 2026The Invesco Dorsey Wright Momentum ETF gained nearly 2% on Tuesday, rebounding alongside a broad market recovery driven by a softer-than-expected June CPI print (headline inflation dropped to 3.5%), which eased fears of near-term Fed rate hikes. The ETF's momentum-focused strategy benefited from a rebound in several top holdings: SanDisk (SNDK) surged ~4.5% after Monday's 12% selloff despite Goldman Sachs reiterating a Buy; Applied Materials (AMAT) climbed ~4.1% as chip stocks recovered; and ATI advanced ~3.8% on continued aerospace and defense optimism with TD Cowen raising its target to $210. The recovery came despite lingering Iran-related geopolitical tensions and a broader rotation narrative away from high-momentum tech that had weighed on the fund Monday.

1.9395

July 13, 2026The Invesco Dorsey Wright Momentum ETF declined notably as a broad risk-off wave swept through markets, driven by renewed U.S.-Iran military tensions that sent oil prices surging over 4% and rattled equity sentiment ahead of a packed earnings week. The ETF's momentum-oriented holdings — heavily weighted toward tech and semiconductor names like Apple, SanDisk, Applied Materials, and Micron — faced particular pressure as Asian chip stocks tumbled sharply (SK Hynix plunged ~14% in Korea), casting doubt on whether the AI-driven rally can sustain its momentum into Q2 earnings season. With S&P 500 earnings growth expected above 20% for a second straight quarter, investors are watching bank earnings kicking off Tuesday and TSMC results Thursday for confirmation that the bull case remains intact.

-2.2941

July 10, 2026The Invesco Dorsey Wright Momentum ETF edged lower, reflecting broader market fatigue after a volatile week shaped by geopolitical tensions tied to the U.S.-Iran conflict and a mixed tech sector session. Key holdings including Apple (3.3%), Amphenol (2.8%), and Applied Materials (1.9%) faced headwinds as semiconductor stocks retreated, though Micron (1.9%) surged ~8% on a $3B U.S. supply chain investment announcement. The S&P 500 drifted near all-time highs with low volume, signaling investor caution ahead of Q2 earnings season.

-0.6518

July 9, 2026The Invesco Dorsey Wright Momentum ETF rose sharply, outperforming the broader financial sector (XLF essentially flat) and closing well above the S&P 500's modest gains. PDP's momentum-driven strategy appears to be benefiting from a notable rotation dynamic: while tech and chip names faced volatility amid geopolitical tensions with Iran and a broader AI trade reassessment, several of PDP's top holdings—including SanDisk (SNDK), Western Digital (WDC), and Micron (MU)—surged on AI storage demand tailwinds and bullish analyst activity, while industrial names like Comfort Systems USA (FIX) and Carpenter Technology (CRS) drew continued investor interest tied to reshoring and data center buildout themes.

2.303

July 8, 2026The Invesco Dorsey Wright Momentum ETF edged higher Wednesday, modestly outperforming the Financial Select Sector ETF (XLF), which slipped in after-hours trade amid a broad risk-off session. PDP's momentum-driven methodology kept it relatively resilient even as its top holdings faced headwinds: chip names like Applied Materials fell sharply on a broad semiconductor selloff, while Comfort Systems USA (FIX) dropped over 6% as AI data center-linked industrials pulled back. Geopolitical escalation—with the U.S. and Iran exchanging strikes and Trump declaring the Iran peace deal 'over'—sent oil surging over 5%, pressuring travel and tech names while supporting energy holdings like Targa Resources. Meanwhile, Apple received a JPMorgan price target hike to $345, and Amphenol continued to benefit from AI infrastructure momentum, providing partial offset. Investors also awaited Federal Reserve minutes from the June meeting for clarity on the rate outlook.

0.617

July 7, 2026The Invesco Dorsey Wright Momentum ETF fell roughly 3% as a broad semiconductor selloff weighed heavily on its top holdings. Memory chip names including SanDisk, Micron, Western Digital, and Applied Materials — collectively representing significant ETF weight — declined sharply after Samsung Electronics' stellar Q2 results triggered a 'sell the news' reaction in Seoul, dragging U.S. memory stocks down 6–9%. The weakness in high-momentum tech names, which dominate the fund's portfolio, outweighed strength in industrials holdings like Comfort Systems USA and Carpenter Technology.

-3.0196

Benzinga · May 8, 2026Momentum ETFs Tumble As Overcrowded AI Trade Unwinds, But Goldman Says History Favors Buying The Dip
Benzinga · August 21, 2025Nvidia's Earnings Could Make Or Break Momentum ETFs

Peers

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