Invesco Preferred ETF (PGX)

NYSEARCA: PGX · Real-Time Price · USD
11.91
+0.02 (0.17%)
At close: Dec 11, 2024, 4:00 PM
11.90
-0.01 (-0.08%)
Pre-market: Dec 12, 2024, 8:03 AM EST
0.17%
Assets $4.36B
Expense Ratio 0.50%
PE Ratio n/a
Shares Out 367.25M
Dividend (ttm) $0.70
Dividend Yield 5.89%
Ex-Dividend Date Nov 18, 2024
Payout Ratio n/a
1-Year Return +5.87%
Volume 5,565,642
Open 11.91
Previous Close 11.89
Day's Range 11.89 - 11.94
52-Week Low 11.17
52-Week High 12.54
Beta 0.56
Holdings 264
Inception Date Jan 31, 2008

About PGX

Fund Home Page

The 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.

Asset Class Fixed Income
Category Preferred Stock
Stock Exchange NYSEARCA
Ticker Symbol PGX
ETF Provider Invesco
Index Tracked ICE BofA Core Plus Fixed Rate Preferred Securities

Dividends

Ex-Dividend Amount Pay Date
Nov 18, 2024 $0.058 Nov 22, 2024
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
Full Dividend History

News

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...

6 months ago - Seeking Alpha

Preferreds Weekly Review: Bond Interest Deferral Worries Investors

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.

8 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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...

10 months ago - Seeking Alpha

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...

10 months ago - Seeking Alpha

U.S. Preferred Stocks Look Attractive And PFFA Is A Top-Performing Preferred Stocks ETF

PFFA is a well-diversified and consistently top-performing preferred stock ETF, enabled by management's bold allocation strategy.

10 months ago - Seeking Alpha

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 ...

10 months ago - Seeking Alpha

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 ...

11 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: JEPISCHDSPLVTLT
1 year ago - Seeking Alpha

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.

1 year ago - Seeking Alpha

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.

1 year ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

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.

3 years ago - Seeking Alpha

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.

3 years ago - Seeking Alpha

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.

3 years ago - Seeking Alpha

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...

4 years ago - Seeking Alpha

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...

4 years ago - Seeking Alpha

PGX: Still My Favorite Preferred Stock ETF

PGX's yield has dropped over the past several months, but remains appealing at nearly 5%. The fund's high level of qualified dividends makes the ETF's yield more appealing.

4 years ago - Seeking Alpha