PGF

Invesco Financial Preferred ETF

$14.30

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Invesco Financial Preferred ETF (PGF) seeks to track the investment results of an index that is composed of preferred securities issued by financial institutions.

Overview

ETF tracking Invesco Financial Preferred ETF

Category Preferred

Issuer Invesco

Inception Date 2008-11-25

Market Cap $781.1M

Average Volume N/A

Dividend Yield 5.23%

52-Week Range $13.70 - $15.26

VWAP $14.30

Performance

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Investment Summary

📎 Investment Objective

The Invesco Financial Preferred ETF (PGF) seeks to track the investment results of an index that is composed of preferred securities issued by financial institutions.

🎯 Investment Strategy

The ETF employs a passive management approach, seeking to track the investment results of the Wells Fargo Hybrid and Preferred Securities Financial Index. The fund invests at least 90% of its total assets in the securities that comprise the underlying index.

✨ Key Features

Provides exposure to preferred securities issued by financial companies
Tracks an index composed of hybrid and preferred securities
Relatively low expense ratio of 0.00%
Suitable for investors seeking income and exposure to the financial sector

⚠️ Primary Risks

Interest rate risk: Preferred securities are sensitive to changes in interest rates
Sector concentration risk: The fund is concentrated in the financial sector
Credit risk: Preferred securities are subject to the creditworthiness of the issuing financial institutions
Liquidity risk: Preferred securities may have lower trading volumes and be less liquid than common stocks

👤 Best For

This ETF may be suitable for investors seeking income and exposure to the financial sector, particularly those with a medium to long-term investment horizon who can tolerate the risks associated with preferred securities and sector concentration.