What One Advisor’s $12 Million Momentum ETF Reduction Could Signal for Growth Stocks
Key takeaways
- According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, New Square Capital sold 97,285 shares of the Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the first quarter.
- The sell reduced the PDP stake to 1.13% of reportable 13F assets under management.
- NYSEMKT:VTI: $116.94 million (10.2% of AUM)
Jonathan Ponciano, The Motley Fool Mon, May 11, 2026 at 2:31 AM GMT+7 4 min read On May 8, 2026, New Square 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.
According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, New Square 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.
The sell reduced the PDP stake to 1.13% of reportable 13F assets under management.