PGX Stock Summary and Trading Ideas (Invesco Preferred ETF | ARCA:PGX)

The Invesco Preferred ETF 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 of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moody s, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

Invesco Preferred ETF trades on the ARCA stock market under the symbol PGX.

As of January 3, 2025, PGX stock price climbed to $11.80 with 7,288,504 million shares trading.

PGX has a beta of 0.37, meaning it tends to be less sensitive to market movements. PGX has a correlation of 0.26 to the broad based SPY ETF.

PGX has a market cap of $4.56 billion. This is considered a Mid Cap stock.

In the last 3 years, PGX traded as high as $14.92 and as low as $10.14.

PGX has underperformed the market in the last year with a return of +8.3%, while the SPY ETF gained +27.8%. In the last 3 month period, PGX fell short of the market, returning -4.1%, while SPY returned +4.6%. However, in the most recent 2 weeks PGX has outperformed the stock market by returning +1.9%, while SPY returned +0.1%.

PGX support price is $11.63 and resistance is $11.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PGX shares will trade within this expected range on the day.