Invesco Preferred ETF
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
213% more call options, than puts
Call options by funds: $633K | Put options by funds: $202K
25% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 51
20% more capital invested
Capital invested by funds: $2.15B [Q3] → $2.58B (+$428M) [Q4]
5.25% more ownership
Funds ownership: 47.56% [Q3] → 52.81% (+5.25%) [Q4]
1% more funds holding
Funds holding: 460 [Q3] → 464 (+4) [Q4]
12% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 162
33% less funds holding in top 10
Funds holding in top 10: 9 [Q3] → 6 (-3) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for PGX.
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
TLH And PGX: A Mean Reversion At Its Best
Market volatility presents both risks and opportunities, emphasizing the importance of timing over price action for successful trading and investing. Pair trades with sound financial logic, like long treasuries and short corporate fixed-rate perpetuities, can capitalize in times of distress. The recently opened pair trade in iShares 10-20 Year Treasury Bond ETF and Invesco Preferred ETF generated significant profits due to credit spread widening.
Neutral
24/7 Wall Street
1 month ago
Could Preferred Stock ETFs Be the Secret to Stable Income?
Income-based investors often devote a large part of their securities research time looking at bonds.
Negative
Seeking Alpha
1 month ago
PGX ETF: Too Many Red Flags
We think the Invesco Preferred ETF's duration of 9.47 years is concerning in today's volatile interest rate environment, making it less desirable for risk-averse investors. The ETF's 70%+ concentration in financials introduces sector risk, especially given the current economic uncertainty and potential for cyclical reversion. Spread and discount rate risks have entered the building, meaning preferred shares a probably worth cherry-picking.
Positive
Seeking Alpha
2 months ago
PGX: Nothing To Like Here, But We Have An Alternative
PGX's passive structure and retail investors' lack of effort lead to overvaluations; alternatives can outperform PGX with better yields and credit ratings. PGX invests in fixed-rate preferred stocks, baby bonds, and securities above par, but suffers from high management fees and suboptimal trading practices. Our alternatives offer higher yields and better credit ratings without management fees, providing superior returns compared to PGX's portfolio.
Positive
MarketBeat
3 months ago
Top 3 Preferred Stock ETFs Offering Stability and High Dividends
2025 marks a time of uncertainty for many investors—despite stellar performance in 2024 and a post-election bump that lasted through mid-December, the S&P 500 and the market as a whole face increasing geopolitical turmoil, a potential change to the regulatory environment for many industries alongside a new administration, haziness around the near-term future of interest rates, the ongoing impact of the AI revolution, and more. It's understandable that many investors might take a defensive approach in the new year.
Positive
ETF Trends
3 months ago
2 Preferred Stock ETFs for 2025
Preferred stock ETFs may be a compelling opportunity for 2025. Tailwinds for preferred ETFs this year include deregulation, stable interest rates, and a steepening yield curve.
Positive
ETF Trends
7 months ago
The Investor's Guide to Preferred Stock ETFs
Preferred stock ETFs may be a compelling opportunity for income investors. The Invesco Preferred ETF (PGX) is designed for investors looking for both income and capital appreciation.
Positive
Seeking Alpha
10 months ago
PGX: 6% Yield And A Decay Story
Invesco Preferred ETF is a high-yield fund investing in fixed rate preferred securities with at least a B3 rating. The PGX ETF yield is close to 6% and 67% of the portfolio has an investment grade. PGX price and distributions went down by about 40% in 15 years, while cumulative inflation was over 50%.
Negative
Seeking Alpha
1 year ago
Preferreds Weekly Review: Bond Interest Deferral Worries Investors
We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.
Positive
Seeking Alpha
1 year ago
Preferreds Weekly Review: Keep An Eye On The Spread Of Floating-Rate Preferreds
We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on the back of the Fed's more dovish than expected stance. We take a look at how stocks with different spreads over SOFR could react to Fed's cuts.
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