Invesco Financial Preferred ETF (PGF)
Invesco Financial Preferred ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $12.92, down 0.08% on the session, giving a market capitalisation of $653.8M. Its beta of 1.16 implies it has historically moved more than the broad market.
The Invesco Financial Preferred ETF, known by its ticker PGF, is structured to replicate the performance of the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index. This Exchange Traded Fund (ETF) typically commits a minimum of 90% of its total capital to fixed-income, U.S. dollar-denominated preferred securities. These assets are issued within the U.S. domestic market by entities operating in the financial services industry. The underlying Index itself is constructed to monitor the returns generated by publicly traded, fixed-rate, U.S. dollar preferred shares, alongside other instruments that the Index Provider deems functionally equivalent to preferred securities, all originating from American financial corporations such as banks, brokerage houses, finance firms, investment companies, and insurers. Both the ETF and its benchmark index are subject to monthly portfolio adjustments.
Invesco Financial Preferred ETF is most often compared with the following Financial Services names: