February 22, 2021
Getting fixed income returns in today’s interest rate environment has proved to be an ongoing challenge. With the risk dial turned up by most investors, high-risk bonds aren’t the only option available. Preferred stocks like the
Looking at average daily volume, PGX has been one of the top funds in Invesco’s diverse roster of ETFs. Why are investors flocking to the ETF?
The fund seeks to track the investment results of the ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The fund generally will invest at least 80% of its total assets in the components of the index.
The PGX Preferred Securities ETF Offers Attractive Dividend Yields December 16, 2020
Income-minded investors who are looking for ways to enhance their yield generation in a lower-for-longer rate environment can consider preferreds-related exchange traded funds for more attractive opportunities.
The
Invesco Preferred ETF (PGX) “is a safe fund that largely invests in preferred securities that are highly rated by Moody’s, S&P, and Fitch,” Michael A. Gayed writes for SeekingAlpha.
“The fund’s low portfolio turnover and expense ratios of 18% and 0.52%, respectively, help it keep its dividend payouts at a steady level,” he added.
The Invesco Preferred ETF is one of the oldest ETFs dedicated to this asset category. PGX is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance