Invesco Preferred Etf Profile
| PGX Etf | USD 11.37 0.02 0.18% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Invesco Preferred is trading at 11.37 as of the 23rd of April 2024; that is -0.18 percent down since the beginning of the trading day. The etf's open price was 11.39. Invesco Preferred has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Invesco Preferred ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of February 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund generally will invest at least 80 percent of its total assets in the components of the index. Invesco Preferred is traded on NYSEARCA Exchange in the United States. More on Invesco Preferred ETF
Moving together with Invesco Etf
| 0.95 | PFF | iShares Preferred | PairCorr |
| 0.69 | FPE | First Trust Preferred | PairCorr |
| 0.95 | PFFD | Global X Preferred | PairCorr |
| 0.94 | PGF | Invesco Financial | PairCorr |
| 0.96 | PSK | SPDR ICE Preferred | PairCorr |
Invesco Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Invesco Preferred's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Preferred or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Old Names | [Primero Group Limited, Powershares Preferred Portfolio] |
| Business Concentration | Preferred Stock ETFs, Strategy ETFs, Preferred Stock, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2008-01-31 |
| Benchmark | ICE BofA Core Plus Fixed Rate Preferred Securities Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.27 Billion |
| Average Trading Valume | 4.49 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Preferred Stock |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Invesco Capital Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Invesco Distributors, Inc. |
| Portfolio Manager | Peter Hubbard, Richard Ose, Tom Boksa, Gary Jones, Gregory Meisenger |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 265 |
| Market Maker | Citadel |
| Total Expense | 0.5 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 0.76 |
| Name | Invesco Preferred ETF |
| Currency Code | USD |
| Open Figi | BBG000TWWFV4 |
| In Threey Volatility | 15.26 |
| 200 Day M A | 11.313 |
| 50 Day M A | 11.8004 |
| Code | PGX |
| Updated At | 22nd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.25) |
Invesco Preferred ETF [PGX] is traded in USA and was established 2008-01-31. The fund is classified under Preferred Stock category within Invesco family. The entity is thematically classified as Preferred Stock ETFs. Invesco Preferred ETF at this time have 5.12 B in assets. , while the total return for the last 3 years was -3.6%.
Check Invesco Preferred Probability Of Bankruptcy
Top Invesco Preferred ETF Etf Constituents
| EMP | Entergy Mississippi LLC | Stock | Utilities |
| AFGC | American Financial Group | Preferred Stock | Real Estate Services |
| PFH | Prudential Financial 4125 | Stock | Materials |
| CMSC | CMS Energy Corp | Stock | Utilities |
| SFB | Stifel Financial | Stock | Energy |
| SJIJ | South Jersey Industries | Stock | Utilities |
| BPYPP | Brookfield Property Partners | Preferred Stock | Real Estate |
Invesco Preferred Target Price Odds Analysis
Based on a normal probability distribution, the odds of Invesco Preferred jumping above the current price in 90 days from now is about 98.0%. The Invesco Preferred ETF probability density function shows the probability of Invesco Preferred etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Invesco Preferred has a beta of 0.1962 indicating as returns on the market go up, Invesco Preferred average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Invesco Preferred ETF will be expected to be much smaller as well. Additionally, invesco Preferred ETF has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Invesco Preferred to move above the current price in 90 days from now is about 98.0 (This Invesco Preferred ETF probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco Preferred Top Holders
| PSMC | PSMC | Etf | Allocation--15% to 30% Equity |
| PCCFX | Prudential Income Builder | Mutual Fund | Allocation--50% to 70% Equity |
| PCGQX | Prudential Income Builder | Mutual Fund | Allocation--50% to 70% Equity |
| PCLRX | Prudential Income Builder | Mutual Fund | Allocation--50% to 70% Equity |
| OWCIX | Old Westbury Credit | Mutual Fund | Multisector Bond |
| PDCZX | Prudential Income Builder | Mutual Fund | Allocation--50% to 70% Equity |
| AIMNX | Horizon Active Income | Mutual Fund | Intermediate Core-Plus Bond |
Invesco Preferred ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Preferred market risk premium is the additional return an investor will receive from holding Invesco Preferred long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Invesco Preferred. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Invesco Preferred's alpha and beta are two of the key measurements used to evaluate Invesco Preferred's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0056 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.10) |
Invesco Preferred Against Markets
Picking the right benchmark for Invesco Preferred etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Invesco Preferred etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Invesco Preferred is critical whether you are bullish or bearish towards Invesco Preferred ETF at a given time. Please also check how Invesco Preferred's historical prices are related to one of the top price index indicators.
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How to buy Invesco Etf?
Before investing in Invesco Preferred, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Invesco Preferred. To buy Invesco Preferred etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Preferred. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Invesco Preferred etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco Preferred ETF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Invesco Preferred ETF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Invesco Preferred ETF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Invesco Etf please use our How to Invest in Invesco Preferred guide.
Already Invested in Invesco Preferred ETF?
The danger of trading Invesco Preferred ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Invesco Preferred is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Invesco Preferred. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Preferred ETF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Invesco Preferred ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Preferred's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Preferred Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Preferred Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Preferred ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Invesco Preferred ETF information on this page should be used as a complementary analysis to other Invesco Preferred's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Invesco Preferred ETF is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco Preferred's value that differs from its market value or its book value, called intrinsic value, which is Invesco Preferred's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco Preferred's market value can be influenced by many factors that don't directly affect Invesco Preferred's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Preferred's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.