About Invesco Preferred ETF (PGX)

Invesco Preferred ETF (PGX) is an exchange-traded fund that seeks to track the investment results of the ICE BofA US Diversified Core Preferred Stock Index. The fund generally invests at least 90% of its total assets in preferred securities that comprise the index. These securities represent ownership interests in publicly-traded companies that pay a fixed dividend and have a preference over common stock in the payment of dividends and the liquidation of assets. PGX offers investors exposure to a diversified portfolio of preferred stocks, providing an attractive income stream with potentially lower volatility compared to common equities.

PGX offers a convenient way for investors to gain exposure to the preferred stock market. With just one trade, investors can access a basket of preferred securities, providing diversification benefits. The fund's holdings consist of preferred stocks from various sectors, including financials, utilities, and telecommunications. PGX's objective is to provide investment results that correspond to the price and yield of the index, before fees and expenses. It is important to note that while PGX focuses on income generation, changes in interest rates can impact the performance of the fund. When interest rates rise, the value of preferred stocks may decrease, resulting in potential capital losses.