Invesco Financial Preferred ETF
PGF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Dec 1, 2006
- CIK
- 0001209466
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Financial Preferred ETF (PGF) is an exchange-traded fund that tracks the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index, investing at least 90% of its total assets in fixed-rate U.S. dollar preferred securities issued in the U.S. domestic market by financial companies, including those in banking, brokerage, finance, investment, and insurance sectors; the fund holds approximately 97 securities, with top holdings such as JPMorgan Chase & Co. perpetual preferred shares (various series at 6.00%, 5.75%, 4.20%, and 4.62%), Wells Fargo & Co. 4.75% perpetual preferreds, Allstate Corp. 5.10% perpetual preferreds, Bank of America Corp. 6.00% and 5.38% perpetual preferreds, and Capital One Financial Corp. 5.00% perpetual preferreds; it emphasizes investment-grade quality (62% BBB-rated per S&P, 81% Baa per Moody's) and pays monthly dividend distributions to shareholders. PGF, launched on December 1, 2006, as part of the Invesco Exchange-Traded Fund Trust, operates primarily in the U.S. market, targeting income-seeking investors with exposure to financial sector preferred securities that offer higher yields, tax-advantaged income potential, and priority claims on dividends and assets over common equity. The ETF is managed by Invesco Capital Management LLC, with the trust domiciled in Downers Grove, Illinois, and parent company Invesco Ltd. headquartered in Atlanta, Georgia. The fund and underlying index rebalance monthly to maintain alignment, with recent distributions reflecting market-responsive adjustments, such as $0.07664 per share in September 2025 and $0.07084 in August 2025; in June 2021, the benchmark index transitioned from the Wells Fargo Hybrid and Preferred Securities Financial Index to the current ICE index, enhancing tracking of exchange-listed fixed-rate financial preferreds. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to PGF have been reported in the last 1-2 years, underscoring its stable focus on broad-based financial preferred exposure amid ongoing interest rate sensitivity.