PGX: With Many Preferred CEFs Trading At A Premium, Hoped This Was Better Choice

Mar. 29, 2022 9:00 AM ETInvesco Preferred ETF (PGX)PGX15 Comments
Retired Investor
Investing Group

Summary

  • As the name implies, Invesco Preferred Portfolio ETF (PGX) allows Preferred stock investing without the pros/cons of leverage most CEF employ.
  • Many Fixed Income funds are down 10% YTD, yet most Closed-End-Funds still sell at a premium. Buying an ETF avoids paying more than the underlying assets are worth.
  • Along analyzing PGX, I present alternative strategies that have compiling reasons to consider instead of the PGX ETF.
  • Looking for more investing ideas like this one? Get them exclusively at Hoya Capital Income Builder. Learn More »

Stock market blackboard concept

gguy44/iStock via Getty Images

(This article was co-produced with Hoya Capital Real Estate)

Introduction

Even though the FED Board lifted their key interest rate 25bps in March, it will be a long time before safer assets like CDs offer investors a

I ‘m proud to have asked to be one of the original Seeking Alpha Contributors to the 11/21 launch of the Hoya Capital Income Builder Market Place.

This is how HCIB sees its place in the investment universe:

Whether your focus is high yield or dividend growth, we’ve got you covered with high-quality, actionable investment research and an all-encompassing suite of tools and models to help build portfolios that fit your unique investment objectives. Subscribers receive complete access to our investment research - including reports that are never published elsewhere - across our areas of expertise including Equity REITs, Mortgage REITs, Homebuilders, ETFs, Closed-End-Funds, and Preferreds.

This article was written by

Retired Investor
8.92K Followers

Retired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts.

He is a contributing author to the investing group iREIT®+HOYA Capital

The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%.

Learn more

.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RNP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About PGX ETF

SymbolLast Price% Chg
Expense Ratio
Div Frequency
Div Rate
Yield
Assets (AUM)
Compare to Peers

More on PGX

Related Stocks

SymbolLast Price% Chg
PGX
--
Compare

Trending Analysis

Trending News