About PowerShares Preferred Portfolio (NYSEARCA:PGX)
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 PowerShares
Fund NamePowerShares Preferred Portfolio
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$5.10 billion
Average Daily Volume$1.40 million
Discount/Premium-0.14%
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 PowerShares 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
PowerShares Preferred Portfolio (NYSEARCA:PGX) Frequently Asked Questions
What is PowerShares Preferred Portfolio's stock symbol?
PowerShares Preferred Portfolio trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "PGX."
How often does PowerShares Preferred Portfolio pay dividends? What is the dividend yield for PowerShares Preferred Portfolio?
PowerShares Preferred Portfolio declared a monthly dividend on Monday, March 19th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.0693 per share on Thursday, March 29th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Monday, March 19th. View PowerShares Preferred Portfolio's Dividend History.
Are investors shorting PowerShares Preferred Portfolio?
PowerShares Preferred Portfolio saw a drop in short interest during the month of March. As of March 29th, there was short interest totalling 1,092,841 shares, a drop of 43.9% from the March 15th total of 1,946,997 shares. Based on an average trading volume of 1,298,395 shares, the days-to-cover ratio is currently 0.8 days.
Who are some of PowerShares Preferred Portfolio's key competitors?
Has PowerShares Preferred Portfolio been receiving favorable news coverage?
Headlines about PGX stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PowerShares Preferred Portfolio earned a news sentiment score of 0.12 on Accern's scale. They also gave news coverage about the company an impact score of 46.59 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.
How do I buy shares of PowerShares Preferred Portfolio?
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 PowerShares Preferred Portfolio's stock price today?
One share of PGX stock can currently be purchased for approximately $14.50.
How big of a company is PowerShares Preferred Portfolio?
PowerShares Preferred Portfolio has a market capitalization of $5.35 billion.
MarketBeat Community Rating for PowerShares Preferred Portfolio (PGX)
MarketBeat's community ratings are surveys of what our community members think about PowerShares Preferred Portfolio 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.
PowerShares Preferred Portfolio (NYSEARCA:PGX) Dividend Information
PowerShares Preferred Portfolio pays an annual dividend of $0.84 per share, with a dividend yield of 5.79%. PGX's most recent monthly dividend payment was Thursday, March 29.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 5.79% |
| Payout Ratio: | N/A |
PowerShares Preferred Portfolio (NYSEARCA:PGX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/19/2018 | monthly | $0.0693 | 5.71% | 3/19/2018 | 3/20/2018 | 3/29/2018 |
| 2/20/2018 | monthly | $0.0694 | 5.79% | 2/20/2018 | 2/21/2018 | 2/28/2018 |
| 1/22/2018 | monthly | $0.0680 | 5.58% | 1/22/2018 | 1/23/2018 | 1/31/2018 |
| 12/18/2017 | monthly | $0.0680 | 5.45% | 12/18/2017 | 12/19/2017 | 12/29/2017 |
| 11/20/2017 | monthly | $0.0681 | 5.46% | 11/20/2017 | 11/21/2017 | 11/30/2017 |
(Data available from 1/1/2013 forward)
PowerShares Preferred Portfolio (NYSEARCA:PGX) SEC Filings
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