https://seekingalpha.com/article/4766100-pth-health-care-headache-worth-selling [Seeking Alpha]
Invesco DWA Healthcare Momentum ETF (PTH)
NASDAQ:AMEX Investor Relations:
invesco.com/portal/site/us/investors/etfs/product-detail?productid=pth
Company Research
Source: Seeking Alpha
Its expense ratio is 0.60% and the ETF has $115 million in assets under management. The strategy relies on technical analysis, but that's not necessarily the issue. Instead, PTH reconstitutes quarterly, forcing managers to wait to buy stocks only after they've made their massive gains. PTH's current holdings illustrate this point perfectly. Although they've gained 51% over the last six months, the ETF itself has declined by 12% over the same period. Further research reveals a 1.54 two-year beta and a -8.36% weighted average return on assets, highlighting PTH's highly speculative nature. I reiterate my "sell" rating on PTH, with a factor-based analysis comparing it with PSCH, RSPH, IYH, and XLV to follow. VioletaStoimenova Investment Thesis I last reviewed the Invesco Dorsey Wright Healthcare Momentum ETF ( NASDAQ: PTH ) one year ago on March 13, 2024, recommending investors avoid it due to its passive investment style that's inappropriate for the speculative stocks it no
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