Key stats
About Invesco Dorsey Wright Healthcare Momentum ETF
Home page
Inception date
Oct 12, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46137V8524
PTH provides an alternate take on US healthcare firms, with a lot of emphasis on the biotech and research sector compared to our more pharma and provider-focused neutral benchmark. PTH has been around for a while but changed indexes in 2014 to adopt a momentum-weighted Dorsey-Wright relative strength index. This has contributed to the fund's sharp pivot away from neutral segment exposure toward growth sectors. Unsurprisingly, the fund tilts small and carries considerably more risk. The fund selects the top, at least 30 stocks, with the highest momentum scores in the healthcare space. The fund uses a full replication indexing strategy. Overall, PTH offers a different, growth-focused take on healthcare. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the ETF's name was Invesco DWA Healthcare Momentum ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Health Services
Stocks99.84%
Health Technology72.15%
Health Services21.70%
Distribution Services3.50%
Finance2.49%
Bonds, Cash & Other0.16%
Mutual fund0.16%
Stock breakdown by region
North America96.57%
Europe3.43%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PTH invests in stocks. The fund's major sectors are Health Technology, with 72.15% stocks, and Health Services, with 21.70% of the basket. The assets are mostly located in the North America region.
PTH top holdings are Insmed Incorporated and Hims & Hers Health, Inc. Class A, occupying 7.48% and 5.11% of the portfolio correspondingly.
PTH assets under management is 98.05 M USD. It's risen 1.25% over the last month.
PTH fund flows account for −31.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
PTH shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Oct 12, 2006, and its management style is Passive.
PTH expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
PTH follows the Dorsey Wright Healthcare Tech Leaders TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PTH invests in stocks.
PTH price has risen by 3.59% over the last month, and its yearly performance shows a −13.01% decrease. See more dynamics on PTH price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.09% increase in three-month performance and has decreased by −13.56% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.09% increase in three-month performance and has decreased by −13.56% in a year.
PTH trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.