(PGX) Preferred - Overview
Etf: Preferred Stock, Fixed-Rate, Investment Grade, U.S. Domestic
Dividends
| Dividend Yield | 6.02% |
| Yield on Cost 5y | 6.09% |
| Yield CAGR 5y | -1.66% |
| Payout Consistency | 92.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 5.71% |
| Relative Tail Risk | -2.10% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.01 |
| Alpha | -3.04 |
| Character TTM | |
|---|---|
| Beta | 0.202 |
| Beta Downside | 0.242 |
| Drawdowns 3y | |
|---|---|
| Max DD | 14.57% |
| CAGR/Max DD | 0.23 |
Description: PGX Preferred January 11, 2026
The Invesco Preferred ETF (PGX) tracks a market-cap-weighted index of U.S. dollar-denominated fixed-rate preferred securities, investing at least 80% of its assets in the index’s components as selected by ICE Data Indices, LLC.
Key metrics as of the latest reporting period include an expense ratio of 0.46%, a distribution yield around 5.5%, and an average effective duration of roughly 5 years, making the fund sensitive to Federal Reserve policy moves. The ETF’s top sector exposure is to financials, which accounts for over 60% of holdings, reflecting the concentration of preferred issuance among banks and insurance companies. Asset-under-management levels have hovered near $10 billion, providing ample liquidity but also indicating that large inflows or outflows could modestly impact market pricing of the underlying preferred stocks.
For a deeper quantitative breakdown, you might explore ValueRay’s analytics on PGX’s yield stability and interest-rate exposure.
What is the price of PGX shares?
Over the past week, the price has changed by -0.44%, over one month by +0.83%, over three months by +0.69% and over the past year by +3.83%.
Is PGX a buy, sell or hold?
What are the forecasts/targets for the PGX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.1 | 6.3% |
PGX Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 4.06b USD (4.06b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 4.06b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 4.06b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.66% (E(4.06b)/V(4.06b) * Re(6.66%) + (debt-free company))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)