Invesco Preferred ETF PGX

PowerShares Preferred Portfolio is an Exchange Traded Fund (ETF) based in Downers Grove, Illinois. The fund, founded in 2008, is available to investors across the USA and seeks to invest at least 80% of its total assets in fixed-rate US dollar-denominated preferred securities.

Listed on the NYSE Arca, the fund operates under the ticker PGX. In 2020 the PGX price chart showed a 52-week low of $9.71 and a 52-week high of $15.28, with a dividend yield of 4.17%. Like any ETF, the PowerShares Preferred Portfolio collects a group of securities together, allowing investors to diversify their portfolio conveniently and flexibly, often with slightly lower costs than other types of investment funds.

In 2020, the fund held total assets of around $4.412bn across more than 260 holdings, most of which are rated BBB or BB. Around three-quarters of those holdings are in financials, with a further 9% in real estate investment trusts (REITs). The PGX dividend yield reflects the fact that the fund takes a little more credit risk than similar ETFs on the market.

Ready to diversify your portfolio and start trading in ETFs? You can add this instrument to your watchlist to stay up to date with what is happening on the PGX price chart.