Invesco Preferred ETF PGX

Invesco Preferred ETF tracks the performance of fixed-rate US dollar-denominated preferred securities. Managed by Invesco, this ETF was established in 2008.

The Invesco Preferred ETF fund’s primary goal is to replicate the investment results of the ICE BofAML Core Plus Fixed Rate Preferred Securities Index. This index broadly represents the performance of the fixed rate US dollar-denominated preferred securities market. The base currency of this fund is USD. In general, this fund typically invests at least 80% of its assets in components of the index.

Available on the NYSE Arca, stock for the Invesco Preferred ETF is listed under the ticker PGX. As of April 2022, this ETF had total net assets of $6.52bn with investments in 295 assets. This fund includes investments across a wide range of sectors, but the majority of holdings are in the financial sector followed by the utilities and real estate sectors. This fund is considered to be diversified. As of 13 April 2022, some of the fund’s top holdings included securities issued by Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and AT&T Inc.

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