NYSEARCA:PGX - PowerShares Preferred Portfolio Stock Price, Price Target & More

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$14.33 -0.08 (-0.56 %)
(As of 05/21/2018 04:00 PM ET)
Previous Close$14.33
Today's Range$14.32 - $14.36
52-Week Range$14.10 - $15.20
Volume1.32 million shs
Average Volume2.03 million shs
Market Capitalization$5.35 billion
P/E RatioN/A
Dividend Yield5.81%
BetaN/A

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.

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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

Geographic Exposure of PowerShares Preferred Portfolio (NYSEARCA:PGX)
Currency Exposure of PowerShares Preferred Portfolio (NYSEARCA:PGX)
Sector Exposure of PowerShares Preferred Portfolio (NYSEARCA:PGX)
Industry Exposure of PowerShares Preferred Portfolio (NYSEARCA:PGX)

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  40 (Vote Outperform)
Underperform Votes:  43 (Vote Underperform)
Total Votes:  83
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.

Analyst Ratings

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Earnings

Dividends

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
Dividend Payments by Quarter for PowerShares Preferred Portfolio (NYSEARCA:PGX)

PowerShares Preferred Portfolio (NYSEARCA:PGX) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/21/2018monthly$0.06705.61%5/21/20185/22/20185/31/2018
4/23/2018monthly$0.06925.75%4/23/20184/24/20184/30/2018
3/19/2018monthly$0.06935.71%3/19/20183/20/20183/29/2018
2/20/2018monthly$0.06945.79%2/20/20182/21/20182/28/2018
1/22/2018monthly$0.06805.58%1/22/20181/23/20181/31/2018
12/18/2017monthly$0.06805.45%12/18/201712/19/201712/29/2017
11/20/2017monthly$0.06815.46%11/20/201711/21/201711/30/2017
(Data available from 1/1/2013 forward)

Insider Trades

Headlines

PowerShares Preferred Portfolio (NYSEARCA PGX) News Headlines

Source:
DateHeadline
PowerShares Preferred Portfolio Declares Monthly Dividend of $0.07 (PGX)PowerShares Preferred Portfolio Declares Monthly Dividend of $0.07 (PGX)
www.americanbankingnews.com - May 21 at 6:18 PM
Should PowerShares Dynamic Large Cap Growth Portfolio (PWB) Be on Your Investing Radar?Should PowerShares Dynamic Large Cap Growth Portfolio (PWB) Be on Your Investing Radar?
finance.yahoo.com - May 18 at 6:13 PM
PowerShares Aerospace & Defense (PGX) Short Interest Up 85.6% in AprilPowerShares Aerospace & Defense (PGX) Short Interest Up 85.6% in April
www.americanbankingnews.com - May 16 at 1:26 AM
Is PowerShares Russell Top 200 Pure Growth Portfolio (PXLG) a Hot ETF Right Now?Is PowerShares Russell Top 200 Pure Growth Portfolio (PXLG) a Hot ETF Right Now?
finance.yahoo.com - May 9 at 5:47 PM
Yield Curve Steepens After Fed Meet: ETFs to TapYield Curve Steepens After Fed Meet: ETFs to Tap
finance.yahoo.com - May 3 at 5:34 PM
The Zacks Analyst Blog Highlights: PowerShares S&P 500 Low Volatility Portfolio, PowerShares Russell 1000 Low Beta Equal Weight, Vanguard Value, Vanguard Dividend Appreciation and Guggenheim Defensive EquityThe Zacks Analyst Blog Highlights: PowerShares S&P 500 Low Volatility Portfolio, PowerShares Russell 1000 Low Beta Equal Weight, Vanguard Value, Vanguard Dividend Appreciation and Guggenheim Defensive Equity
finance.yahoo.com - May 1 at 5:25 PM
April Best Value-Adding StocksApril Best Value-Adding Stocks
finance.yahoo.com - April 26 at 8:06 AM
PowerShares Preferred Portfolio (PGX) Declares $0.07 Monthly DividendPowerShares Preferred Portfolio (PGX) Declares $0.07 Monthly Dividend
www.americanbankingnews.com - April 23 at 6:28 PM
Should You Invest in the PowerShares S&P SmallCap Health Care Portfolio (PSCH)?Should You Invest in the PowerShares S&P SmallCap Health Care Portfolio (PSCH)?
finance.yahoo.com - April 18 at 8:07 AM
PowerShares Preferred Portfolio (PGX) Short Interest Down 43.9% in MarchPowerShares Preferred Portfolio (PGX) Short Interest Down 43.9% in March
www.americanbankingnews.com - April 18 at 2:16 AM
Should You Invest in the PowerShares S&P SmallCap Financials Portfolio (PSCF)?Should You Invest in the PowerShares S&P SmallCap Financials Portfolio (PSCF)?
finance.yahoo.com - April 12 at 5:52 PM
Is PowerShares Dynamic Biotechnology & Genome Portfolio (PBE) a Hot ETF Right Now?Is PowerShares Dynamic Biotechnology & Genome Portfolio (PBE) a Hot ETF Right Now?
finance.yahoo.com - April 12 at 8:12 AM
PowerShares Preferred Portfolio(ETF) (PGX) Short Interest Up 110.4% in MarchPowerShares Preferred Portfolio(ETF) (PGX) Short Interest Up 110.4% in March
www.americanbankingnews.com - April 2 at 1:25 AM
PowerShares Preferred Portfolio(ETF) (PGX) to Issue Monthly Dividend of $0.07PowerShares Preferred Portfolio(ETF) (PGX) to Issue Monthly Dividend of $0.07
www.americanbankingnews.com - March 19 at 8:22 PM
Capture More Upside And Less Downside With Low Volatility ETFsCapture More Upside And Less Downside With Low Volatility ETFs
finance.yahoo.com - March 16 at 6:38 PM
PowerShares Preferred Portfolio(ETF) (PGX) Position Raised by MML Investors Services LLCPowerShares Preferred Portfolio(ETF) (PGX) Position Raised by MML Investors Services LLC
www.americanbankingnews.com - March 6 at 1:17 PM
Suntrust Banks Inc. Sells 21,522 Shares of PowerShares Preferred Portfolio(ETF) (PGX)Suntrust Banks Inc. Sells 21,522 Shares of PowerShares Preferred Portfolio(ETF) (PGX)
www.americanbankingnews.com - March 6 at 11:18 AM
PowerShares Preferred Portfolio ETF: Small Things Make All The DifferencePowerShares Preferred Portfolio ETF: Small Things Make All The Difference
seekingalpha.com - March 2 at 6:21 PM
Sequoia Financial Advisors LLC Buys 63,454 Shares of PowerShares Preferred Portfolio(ETF) (PGX)Sequoia Financial Advisors LLC Buys 63,454 Shares of PowerShares Preferred Portfolio(ETF) (PGX)
www.americanbankingnews.com - March 1 at 7:04 PM
Citadel Advisors LLC Takes Position in PowerShares Preferred Portfolio(ETF) (PGX)Citadel Advisors LLC Takes Position in PowerShares Preferred Portfolio(ETF) (PGX)
www.americanbankingnews.com - March 1 at 8:58 AM
Baird Financial Group Inc. Grows Holdings in PowerShares Preferred Portfolio(ETF) (PGX)Baird Financial Group Inc. Grows Holdings in PowerShares Preferred Portfolio(ETF) (PGX)
www.americanbankingnews.com - February 28 at 4:52 AM
Raymond James Financial Services Advisors Inc. Boosts Position in PowerShares Preferred Portfolio(ETF) (PGX)Raymond James Financial Services Advisors Inc. Boosts Position in PowerShares Preferred Portfolio(ETF) (PGX)
www.americanbankingnews.com - February 26 at 1:42 PM
PowerShares Preferred Portfolio(ETF) (PGX) Shares Bought by Advantage Investment Management LLCPowerShares Preferred Portfolio(ETF) (PGX) Shares Bought by Advantage Investment Management LLC
www.americanbankingnews.com - February 26 at 5:16 AM
PowerShares Preferred Portfolio(ETF) (PGX) Shares Bought by FDx Advisors Inc.PowerShares Preferred Portfolio(ETF) (PGX) Shares Bought by FDx Advisors Inc.
www.americanbankingnews.com - February 24 at 2:16 PM
Two Popular Factors, One ETFTwo Popular Factors, One ETF
finance.yahoo.com - February 15 at 5:27 PM
Weak Dollar, Inflation Stir Optimism For Commodities ETFsWeak Dollar, Inflation Stir Optimism For Commodities ETFs
finance.yahoo.com - February 8 at 8:04 AM
Short Interest in PowerShares Preferred Portfolio(ETF) (PGX) Drops By 75.3%Short Interest in PowerShares Preferred Portfolio(ETF) (PGX) Drops By 75.3%
www.americanbankingnews.com - February 1 at 2:46 AM
Top Preferred Stock ETFs for 2018Top Preferred Stock ETFs for 2018
finance.yahoo.com - January 29 at 8:36 AM
PowerShares Preferred Portfolio(ETF) (PGX) Declares Monthly Dividend of $0.07PowerShares Preferred Portfolio(ETF) (PGX) Declares Monthly Dividend of $0.07
www.americanbankingnews.com - January 22 at 5:50 PM
Short Interest in PowerShares Preferred Portfolio(ETF) (PGX) Declines By 43.7%Short Interest in PowerShares Preferred Portfolio(ETF) (PGX) Declines By 43.7%
www.americanbankingnews.com - January 18 at 1:30 AM
The 5 Worst ETFs of 2017The 5 Worst ETFs of 2017
finance.yahoo.com - January 10 at 10:19 AM
PowerShares Preferred Portfolio(ETF) (PGX) Short Interest Down 58.7% in NovemberPowerShares Preferred Portfolio(ETF) (PGX) Short Interest Down 58.7% in November
www.americanbankingnews.com - December 19 at 1:14 AM
PowerShares Preferred Portfolio(ETF) to Issue Monthly Dividend of $0.07 (PGX)PowerShares Preferred Portfolio(ETF) to Issue Monthly Dividend of $0.07 (PGX)
www.americanbankingnews.com - December 18 at 9:04 PM
PowerShares Preferred Portfolio(ETF) (PGX) Short Interest Up 518.5% in NovemberPowerShares Preferred Portfolio(ETF) (PGX) Short Interest Up 518.5% in November
www.americanbankingnews.com - November 30 at 1:08 AM
PowerShares Preferred Portfolio(ETF) (PGX) Plans $0.07 Monthly DividendPowerShares Preferred Portfolio(ETF) (PGX) Plans $0.07 Monthly Dividend
www.americanbankingnews.com - November 20 at 6:27 PM
PowerShares Preferred Portfolio(ETF) (PGX) Short Interest UpdatePowerShares Preferred Portfolio(ETF) (PGX) Short Interest Update
www.americanbankingnews.com - November 14 at 1:32 AM
VRP, GBF: Big ETF OutflowsVRP, GBF: Big ETF Outflows
www.nasdaq.com - November 9 at 11:33 AM
Biggest Broad Commodity Fund Attracts Most Inflows in 3 YearsBiggest Broad Commodity Fund Attracts Most Inflows in 3 Years
finance.yahoo.com - November 7 at 8:47 AM
PowerShares Becomes Latest Competitor In Plain Vanilla Fee WarPowerShares Becomes Latest Competitor In Plain Vanilla Fee War
finance.yahoo.com - September 25 at 5:07 PM
The Best And Worst Ways To Buy Preferred SharesThe Best And Worst Ways To Buy Preferred Shares
finance.yahoo.com - September 23 at 9:29 AM
Todays preferred stock ETF performanceToday's preferred stock ETF performance
seekingalpha.com - August 27 at 5:53 AM
Renewed Enthusiasm For Low Vol ETFsRenewed Enthusiasm For Low Vol ETFs
finance.yahoo.com - August 22 at 3:19 PM
PowerShares Likely to Acquire Guggenheim ETFsPowerShares Likely to Acquire Guggenheim ETFs
finance.yahoo.com - August 9 at 6:24 AM
This Last Safe 10% Bond Yield Wont Last Long - NasdaqThis Last Safe 10% Bond Yield Wont Last Long - Nasdaq
www.nasdaq.com - August 4 at 7:01 AM
3 Rules For Navigating This Bond Bubble Safely - Forbes3 Rules For Navigating This Bond Bubble Safely - Forbes
www.forbes.com - August 4 at 7:01 AM
Are Strategic-Beta Bond Funds Smart Enough to Protect You in Market Crashes?Are Strategic-Beta Bond Funds Smart Enough to Protect You in Market Crashes?
finance.yahoo.com - August 4 at 7:01 AM
Will This New Restaurant ETF Be a Winner?Will This New Restaurant ETF Be a Winner?
finance.yahoo.com - August 1 at 2:13 AM
How This Small-Cap Tech ETF Topped Its Larger RivalsHow This Small-Cap Tech ETF Topped Its Larger Rivals
finance.yahoo.com - August 1 at 2:13 AM
PGX, PTH: Big ETF Inflows - NasdaqPGX, PTH: Big ETF Inflows - Nasdaq
www.nasdaq.com - July 22 at 7:37 AM
PGX, PTH: Big ETF Inflows - NasdaqPGX, PTH: Big ETF Inflows - Nasdaq
www.nasdaq.com - July 22 at 7:37 AM

SEC Filings

PowerShares Preferred Portfolio (NYSEARCA:PGX) SEC Filings

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Financials

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Chart

PowerShares Preferred Portfolio (NYSEARCA PGX) Stock Chart for Monday, May, 21, 2018

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This page was last updated on 5/21/2018 by MarketBeat.com Staff

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