PGX

Invesco Preferred ETF

$11.36
+0.00%
Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The Invesco Preferred ETF (PGX) seeks to track the investment results of the ICE BofA US All Capital Securities Index, which is composed of preferred securities and securities that are functionally equivalent to preferred securities, such as hybrid securities.

Overview

ETF tracking Invesco Preferred ETF

Category Preferred
Issuer Invesco
Inception Date 2008-11-25
Market Cap $3.8B
Average Volume N/A
Dividend Yield 4.97%
52-Week Range $10.78 - $12.02
VWAP $11.37

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The Invesco Preferred ETF (PGX) seeks to track the investment results of the ICE BofA US All Capital Securities Index, which is composed of preferred securities and securities that are functionally equivalent to preferred securities, such as hybrid securities.

🎯 Investment Strategy

The ETF invests at least 80% of its total assets in preferred securities and securities that are functionally equivalent to preferred securities. The fund uses a sampling approach to replicate the index, investing in a representative sample of securities that have aggregate investment characteristics similar to the index.

✨ Key Features

  • Provides exposure to the preferred securities market
  • Tracks the ICE BofA US All Capital Securities Index
  • Low expense ratio of 0.00%
  • Suitable for income-oriented investors

⚠️ Primary Risks

  • Interest rate risk: Preferred securities are sensitive to changes in interest rates and may decline in value when rates rise
  • Credit risk: The fund is exposed to the creditworthiness of the issuers of the preferred securities
  • Liquidity risk: Preferred securities may have lower trading volumes and be less liquid compared to other fixed-income securities
  • Concentration risk: The fund's investments are concentrated in the preferred securities market

👤 Best For

The Invesco Preferred ETF (PGX) may be suitable for investors seeking income and exposure to the preferred securities market. It is best suited for investors with a moderate risk tolerance who are willing to accept the interest rate and credit risks associated with preferred securities.