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 announced a monthly dividend on Monday, May 21st. Shareholders of record on Tuesday, May 22nd will be paid a dividend of $0.067 per share on Thursday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Monday, May 21st. View PowerShares Preferred Portfolio's Dividend History.
Are investors shorting PowerShares Preferred Portfolio?
PowerShares Preferred Portfolio saw a increase in short interest in April. As of April 30th, there was short interest totalling 1,432,119 shares, an increase of 85.6% from the April 13th total of 771,653 shares. Based on an average trading volume of 1,219,550 shares, the days-to-cover ratio is currently 1.2 days.
Has PowerShares Preferred Portfolio been receiving favorable news coverage?
News stories about PGX stock have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PowerShares Preferred Portfolio earned a coverage optimism score of 0.09 on Accern's scale. They also assigned press coverage about the company an impact score of 46.10 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are PowerShares Preferred Portfolio's major shareholders?
PowerShares Preferred Portfolio's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wells Fargo & Company MN (7.79%), Royal Bank of Canada (2.52%), LPL Financial LLC (1.22%), CNO Financial Group Inc. (1.01%), UBS Group AG (0.65%) and MML Investors Services LLC (0.28%). View Institutional Ownership Trends for PowerShares Preferred Portfolio.
Which institutional investors are selling PowerShares Preferred Portfolio stock?
PGX stock was sold by a variety of institutional investors in the last quarter, including SRS Capital Advisors Inc., Wells Fargo & Company MN, Cambridge Investment Research Advisors Inc., BB&T Securities LLC, Ladenburg Thalmann Financial Services Inc., First Allied Advisory Services Inc., UBS Group AG and Camarda Financial Advisors LLC. View Insider Buying and Selling for PowerShares Preferred Portfolio.
Which institutional investors are buying PowerShares Preferred Portfolio stock?
PGX stock was acquired by a variety of institutional investors in the last quarter, including CNO Financial Group Inc., LPL Financial LLC, Royal Bank of Canada, Jane Street Group LLC, Advisors Preferred LLC, CIBC World Markets Inc., Lucia Wealth Services LLC and MML Investors Services LLC. View Insider Buying and Selling for PowerShares Preferred Portfolio.
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 $14.33.
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 5.86%. PGX's next monthly dividend payment will be made on Thursday, May 31.
| Next Dividend: | 5/31/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 5.86% |
| Payout Ratio(s): | N/A |
PowerShares Preferred Portfolio (NYSEARCA:PGX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/21/2018 | monthly | $0.0670 | 5.61% | 5/21/2018 | 5/22/2018 | 5/31/2018 |
| 4/23/2018 | monthly | $0.0692 | 5.75% | 4/23/2018 | 4/24/2018 | 4/30/2018 |
| 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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