The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index. The Fund invests in sectors, such as basic materials, financial, utilities and unclassified. Invesco PowerShares Capital Management LLC. is the investment adviser.
Basic Details
Issuer Invesco
Fund NameInvesco Preferred ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:PGX
Inception Date1/31/2008
Fund ManagerPeter Hubbard, Philip Fang, Jeffrey W. Kernagis, Gary Jones, Richard Ose
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkBofAML Preferred Stock Fixed Rate TR USD
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$4.93 billion
Average Daily Volume$2.93 million
Discount/Premium0.22%
ETF Expenses
Management Fee0.50%
Other Expenses0.01%
Total Expenses0.51%
Fee Waiver0.00%
Net Expenses0.51%
Administrator, Advisor and Custodian
AdministratorThe Bank of New York Mellon Corporation
AdvisorInvesco Capital Management LLC
CustodianThe Bank of New York Mellon Corporation
DistributorInvesco Distributors, Inc.
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerCitadel
Invesco Preferred ETF (NYSEARCA:PGX) Frequently Asked Questions
What is Invesco Preferred ETF's stock symbol?
Invesco Preferred ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "PGX."
How often does Invesco Preferred ETF pay dividends? What is the dividend yield for Invesco Preferred ETF?
Invesco Preferred ETF declared a monthly dividend on Monday, September 24th. Investors of record on Tuesday, September 25th will be given a dividend of $0.067 per share on Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Monday, September 24th. View Invesco Preferred ETF's Dividend History.
Who are Invesco Preferred ETF's major shareholders?
Invesco Preferred ETF's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (1.48%), Iowa State Bank (0.10%), McAdam LLC (0.07%), Clearwater Capital Advisors LLC (0.07%), Coastline Trust Co (0.07%) and Biltmore Wealth Management LLC (0.06%). View Institutional Ownership Trends for Invesco Preferred ETF.
Which institutional investors are selling Invesco Preferred ETF stock?
PGX stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Atria Investments LLC, Biltmore Wealth Management LLC, Stokes Capital Advisors LLC, Coastline Trust Co, Clearwater Capital Advisors LLC, Ibex Wealth Advisors and Optimum Investment Advisors. View Insider Buying and Selling for Invesco Preferred ETF.
Which institutional investors are buying Invesco Preferred ETF stock?
PGX stock was bought by a variety of institutional investors in the last quarter, including Ronna Sue Cohen, Ronna Sue Cohen, Friedenthal Financial, CENTRAL TRUST Co, Rockland Trust Co., Independence Bank of Kentucky, Capital Investment Advisors LLC and Breiter Capital Management Inc.. View Insider Buying and Selling for Invesco Preferred ETF.
How do I buy shares of Invesco Preferred ETF?
Shares of PGX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Invesco Preferred ETF's stock price today?
One share of PGX stock can currently be purchased for approximately $13.97.
How big of a company is Invesco Preferred ETF?
Invesco Preferred ETF has a market capitalization of $5.35 billion.
What is Invesco Preferred ETF's official website?
MarketBeat Community Rating for Invesco Preferred ETF (NYSEARCA PGX)
MarketBeat's community ratings are surveys of what our community members think about Invesco Preferred ETF and other stocks. Vote "Outperform" if you believe PGX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PGX will underperform the S&P 500 over the long term. You may vote once every thirty days.
