NewSquare Capital, they sold off a chunk of something called the Invesco DWA Momentum ETF. $12 million worth, give or take. February 17th, 2026. It happened. So it goes.
What Happened, Briefly
They unloaded 101,997 shares. That ETF, the one chasing whatever’s already going up. Seems reasonable, doesn’t it? Like a dog chasing its tail. The paperwork says it was worth about $12 million, calculated using the average price from the last quarter. They still held onto some, about 205,401 shares, worth roughly $23.9 million. A lot of money. Enough to make you wonder about the universe, and then realize you’re out of milk.
More Details, If You Insist
- Top holdings, as of that particular Tuesday:
- NYSEMKT:VTI: $118.29 million (10.4% of their total holdings).
- NYSEMKT:VEU: $64.04 million (5.6%).
- NYSEMKT:SCHX: $61.27 million (5.4%).
- NYSEMKT:IJH: $32.31 million (2.8%).
- NASDAQ:BND: $30.50 million (2.7%).
- The ETF itself was up about 9.4% over the past year. Underperformed the S&P 500 by a bit. Not a catastrophe, but not exactly setting the world on fire either. It’s doing better now, apparently up around 23% for the year. Numbers, numbers. They mean something, I suppose.
A Quick Look at the ETF
| Metric | Value |
|---|---|
| AUM | $1.4 billion |
| Price (February 17, 2026) | $126.84 |
| Yield | 0.27% |
What This All Means
This ETF, it’s built to follow the winners. Like a flock of birds, always going where the other birds are already going. It can work, sure. Especially when everything is going up. But when things change – and they always change – it can get messy. They rebalance every quarter, which means they’re constantly buying high and… well, hoping for higher. It’s a strategy, I guess.
The fund holds about 100 stocks. Not bad. But valuations are a bit rich, price-to-earnings in the low 30s. You’re paying a premium for momentum, which is fine, if you’re comfortable with that. It’s like buying a slightly used spaceship. It might fly, it might not.
Looking at NewSquare’s overall portfolio, they seem to prefer broad, diversified index funds. Makes sense. A solid foundation. This momentum stuff is more like… a little sprinkle on top. A bit of excitement. A distraction, perhaps. We all need distractions.
So, NewSquare sold $12 million worth of momentum. The world didn’t end. It rarely does. So it goes.
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2026-03-17 03:45