Invesco Preferred ETF (PGX)
| Assets | $4.39B |
| Expense Ratio | 0.50% |
| PE Ratio | n/a |
| Shares Out | 367.70M |
| Dividend (ttm) | $0.70 |
| Dividend Yield | 5.93% |
| Ex-Dividend Date | Nov 18, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | +6.67% |
| Volume | 3,621,645 |
| Open | 11.83 |
| Previous Close | 11.87 |
| Day's Range | 11.79 - 11.86 |
| 52-Week Low | 10.84 |
| 52-Week High | 12.54 |
| Beta | 0.56 |
| Holdings | 262 |
| Inception Date | Jan 31, 2008 |
About PGX
Fund Home PageThe Invesco Preferred ETF (PGX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of fixed rate USD-denominated preferred securities. PGX was launched on Jan 31, 2008 and is issued by Invesco.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 18, 2024 | $0.058 | n/a |
| Oct 21, 2024 | $0.064 | Oct 25, 2024 |
| Sep 23, 2024 | $0.058 | Sep 27, 2024 |
| Aug 19, 2024 | $0.058 | Aug 23, 2024 |
| Jul 22, 2024 | $0.058 | Jul 26, 2024 |
| Jun 24, 2024 | $0.053 | Jun 28, 2024 |
News
The Investor's Guide to Preferred Stock ETFs
Preferred stock ETFs may be a compelling opportunity for income investors. The Invesco Preferred ETF (PGX) is designed for investors looking for both income and capital appreciation.
PGX: 6% Yield And A Decay Story
Invesco Preferred ETF is a high-yield fund investing in fixed rate preferred securities with at least a B3 rating. The PGX ETF yield is close to 6% and 67% of the portfolio has an investment grade. PG...
Preferreds Weekly Review: Keep An Eye On The Spread Of Floating-Rate Preferreds
We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on t...
Preferreds Weekly Review: Mandatory Convertibles Offer High-Beta Preferred Exposure
We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury...
Preferreds Weekly Review: Historic Drawdowns Are Relevant Again
We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driv...
PGX: Still Have To Watch Out For Preferreds' Innate Duration
The Invesco Preferred ETF contains preferred shares primarily issued by financial companies and behaves similarly to long-duration junior bonds. We think that short-term news that pushes out rate cuts...
Preferreds Weekly Review: A High Yield-To-Call Is Not Enough
We take a look at the action in preferreds and baby bonds through the second week of February and highlight some of the key themes we are watching. Preferreds were flat on the week as higher Treasury ...
Preferreds Weekly Review: AHL Preferred Gets Stuck Near Libor Peak
We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stock and baby bond market had a good week ...
PGX: Fees Eating Into Dividends And Total Returns
Invesco Preferred ETF is popular with income-oriented investors due to its 6.5% yield, but it may not be ideal for long-term cash parking. The fund holds preferred stocks from big banks and other inco...
PGX: Duration And Deglobalization Aren't A Great Combo
Invesco Preferred ETF is mainly a financial ETF exposed to preferred shares, with a dominant exposure to the banking sector. The condition of national banks is pretty good in the U.S., especially as t...
PGX: I'd Rather Go With Bonds
The Invesco Preferred ETF offers a steady stream of income with potential for capital appreciation through fixed-rate US dollar-denominated preferred securities. PGX's portfolio is concentrated in the...
The Near Perfect High-Yield Retirement Portfolio
After prolonged discussions with readers and countless requests, I decided to finally write a retirement-focused article. In this article, I present a model portfolio consisting of ETFs that come with...
PGX: The Low, Low Price Of A High Yield
PGX's yield has climbed over the past few years and stands at an attractive 6.3%. The fund's high level of qualified dividends makes the ETF's yield more appealing.
PGX: Headwinds From Higher Interest Rates
The PGX ETF provides exposure to an index of fixed-rate preferred shares. PGX pays a generous 5.8% trailing distribution yield.
Invesco Preferred Portfolio ETF: Lower Price, Higher Yield
Investors looking for yield frequently focus only on common stocks. Preferred stocks can provide a steady dividend income because companies are less likely to reduce dividends on preferred stocks than...
PGX: Preferred Stock Fund With Stable Price And Steady Yield
PGX's price dropped by 21 percent in 2022, which otherwise has remained stable ($14 to $15) since the end of the global financial crisis. PGX has been paying monthly dividends for the past 15 years, w...
PGX: Preferred Shares Could Help You In A Down Market
When most people think about income-producing stocks, they think of dividend-paying common stocks. Preferred stocks frequently offer a higher dividend yield, and these dividends can be more stable.
PGX: With Many Preferred CEFs Trading At A Premium, Hoped This Was Better Choice
As the name implies, Invesco Preferred Portfolio ETF (PGX) allows Preferred stock investing without the pros/cons of leverage most CEF employ.
PGX: A Good Preferred Stock ETF
PGX is a well-diversified ETF that invests in preferred securities. The strategy applies a credit quality screen before purchasing preferred stocks.
PGX: Stable And Secure
I had rated the Invesco Preferred Portfolio ETF as bullish in December 2020, and this follow-on post answers all questions about the fund's investment strategy and quality of holdings.
PGX: Not Bad, But Better Options Exist
The Invesco Preferred ETF holds over 300 preferred share issues, with 95% coming from the United States. The fund uses a "sampling" methodology and does not own all the securities in the index.
PGX: Rising Rates Are Bad News For Preferred Equities
Long-term rates have been skyrocketing and the Treasury bond market crashing. Investors should pay attention to the bond market crash because it may proceed to another crash in risk assets such as sto...
Invesco Preferred Portfolio ETF: Safety Dance
The Invesco Preferred Portfolio ETF is a safe fund that largely invests in preferred securities that are highly rated by Moody's, S&P, and Fitch. The fund's low portfolio turnover and expense ratios o...