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 Date1/28/2008
Fund ManagerPeter Hubbard, Philip Fang, Jeffrey W. Kernagis, Gary Jones, Richard Ose
PhoneN/A
Fund Focus
Asset ClassEquity
Benchmark
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$5.36 billion
Average Daily Volume$1.92 million
Discount/Premium0.00%
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, May 20th. Investors of record on Tuesday, May 21st will be given a dividend of $0.065 per share on Friday, May 31st. This represents a $0.78 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Monday, May 20th. View Invesco Preferred ETF's Dividend History.
Has Invesco Preferred ETF been receiving favorable news coverage?
News articles about PGX stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Invesco Preferred ETF earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Invesco Preferred ETF.
What other stocks do shareholders of Invesco Preferred ETF own?
Who are Invesco Preferred ETF's major shareholders?
Invesco Preferred ETF's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (11.81%), Wells Fargo & Company MN (5.78%), Royal Bank of Canada (2.73%), Morgan Stanley (2.64%), UBS Group AG (1.20%) and Bank of Montreal Can (1.09%). View Institutional Ownership Trends for Invesco Preferred ETF.
Which major investors are selling Invesco Preferred ETF stock?
PGX stock was sold by a variety of institutional investors in the last quarter, including Texas Yale Capital Corp., Prudential Financial Inc., Econ Financial Services Corp, Invesco Ltd., Renaissance Technologies LLC, Joseph P. Lucia & Associates LLC, Wolverine Trading LLC and Trinity Legacy Partners LLC. View Insider Buying and Selling for Invesco Preferred ETF.
Which major investors are buying Invesco Preferred ETF stock?
PGX stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., LPL Financial LLC, UBS Group AG, Royal Bank of Canada, Cambridge Investment Research Advisors Inc., Morgan Stanley, Bank of America Corp DE and Advisor Group 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, Robinhood, Fidelity and Charles Schwab.
What is Invesco Preferred ETF's stock price today?
One share of PGX stock can currently be purchased for approximately $14.88.
How big of a company is Invesco Preferred ETF?
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.
