(PGX) Invesco Preferred - Ratings and Ratios

The Invesco Preferred ETF (PGX) is designed to track the performance of the ICE BofA Core Plus Fixed Rate Preferred Securities Index, a market capitalization-weighted index focused on fixed-rate, U.S. dollar-denominated preferred securities issued in the U.S. domestic market. The fund typically invests at least 80% of its total assets in securities included in the index, which is constructed by ICE Data Indices, LLC following predefined guidelines and procedures. PGX provides exposure to the preferred securities market, which often offers higher yields compared to common equities and bonds.

From a technical perspective, PGX is currently trading at $11.08, with its SMA 20 at $10.97, SMA 50 at $11.26, and SMA 200 at $11.48. This indicates that the fund is slightly below its medium-term trend but above its long-term trend. The Average True Range (ATR) of 0.13 suggests relatively low price volatility. The funds average 20-day volume is 10,590,678 shares, reflecting moderate liquidity.

Fundamentally, PGX manages approximately $3.913 billion in assets under management (AUM), making it one of the larger ETFs in the preferred stock category. This scale contributes to its stability and ability to track the underlying index effectively. The funds focus on fixed-rate preferred securities positions it to benefit from a stable interest rate environment, as these securities are less sensitive to rate changes compared to floating-rate instruments.