IInvesco Preferred ETF

Invesco Preferred ETF (PGX) is a passively managed exchange-traded fund launched in 2008 by Invesco. It seeks to track the investment results of the ICE BofA Core Plus Fixed Rate Preferred Securities Index. That index is a market-capitalization-weighted benchmark designed to measure the performance of the fixed-rate, U.S. dollar-denominated preferred securities market issued in the U.S. domestic market. The fund holds approximately 267 securities and has roughly $3 billion in total assets, placing it above the average for the preferred stock ETF category.

1 Exchange-Traded Security