Invesco Preferred ETF
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Balanced Wealth Group LLC raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 141.1% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,961 shares of the company's stock after buying an additional 18,704 shares during the period.
Creating passive income streams can take many forms. Investors can choose from a plethora of stocks, bonds, alternative assets (such as real estate) and other less-traditional options (including crypto, etc.
PGX offers diversified exposure to preferred securities, with 80% in fixed-rate instruments and a moderate risk profile focused on the financial sector. The fund's average credit rating is BBB, and it delivers a 10-year NAV return of 2.99% with a 0.5% management fee. Invesco Preferred ETF's holdings are sensitive to interest rate changes, as rising rates typically pressure fixed-rate preferred prices downward.
Exchange-traded funds (ETFs) are must-haves if you're currently in retirement and you're looking for income.
PGX invests primarily in fixed-rate preferred securities and bonds, offering diversified exposure with an average credit rating of BBB and a 0.5% management fee. A significant portion of the portfolio trades below par, providing decent current yields. The fund's 10-year NAV return is modest at 2.77%, but current yields and discounted prices suggest improved future returns for income-focused investors.
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) provides an update on its winter exploration activities at the Cyprus Project. The Company completed 1,602 metres of drilling and 16 line-kilometres of Induced Polarization (“IP”) surveying at Target A in February and March of 2025. The Cyprus Project is a district-scale porphyry copper-gold project with several historically defined copper ± gold porphyry prospects and significant historical drill results including 138.2 metres at 0.55% copper.
Market volatility presents both risks and opportunities, emphasizing the importance of timing over price action for successful trading and investing. Pair trades with sound financial logic, like long treasuries and short corporate fixed-rate perpetuities, can capitalize in times of distress. The recently opened pair trade in iShares 10-20 Year Treasury Bond ETF and Invesco Preferred ETF generated significant profits due to credit spread widening.
VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV: PGX) announces that it has closed a non-brokered private placement financing (the “Private Placement”) of common shares in the capital of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (each, a “FT Share”). The Private Placement consisted of 5,250,000 FT Shares at a price of $0.10 per FT Share, for gross proceeds to the Company of $525,000.
VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV: PGX) is pleased to announce a non-brokered private placement financing (the “Financing”) of common shares in the capital of the Company that will qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (each, a “FT Share”). The Financing will be completed in one or more tranches and consist of up to 5,000,000 FT Shares at a price of $0.10 per FT Share for gross proceeds to the Company of up to $500,000.
Income-based investors often devote a large part of their securities research time looking at bonds.
We think the Invesco Preferred ETF's duration of 9.47 years is concerning in today's volatile interest rate environment, making it less desirable for risk-averse investors. The ETF's 70%+ concentration in financials introduces sector risk, especially given the current economic uncertainty and potential for cyclical reversion. Spread and discount rate risks have entered the building, meaning preferred shares a probably worth cherry-picking.
PGX's passive structure and retail investors' lack of effort lead to overvaluations; alternatives can outperform PGX with better yields and credit ratings. PGX invests in fixed-rate preferred stocks, baby bonds, and securities above par, but suffers from high management fees and suboptimal trading practices. Our alternatives offer higher yields and better credit ratings without management fees, providing superior returns compared to PGX's portfolio.
2025 marks a time of uncertainty for many investors—despite stellar performance in 2024 and a post-election bump that lasted through mid-December, the S&P 500 and the market as a whole face increasing geopolitical turmoil, a potential change to the regulatory environment for many industries alongside a new administration, haziness around the near-term future of interest rates, the ongoing impact of the AI revolution, and more. It's understandable that many investors might take a defensive approach in the new year.
Preferred stock ETFs may be a compelling opportunity for 2025. Tailwinds for preferred ETFs this year include deregulation, stable interest rates, and a steepening yield curve.
VANCOUVER, British Columbia, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV: PGX) announces that it has closed the second tranche of a private placement financing of common shares in the capital of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (each, a “FT Share”). The second tranche of the financing consisted of 1,818,182 FT Shares at a price of $0.11 per FT Share, for gross proceeds to the Company of $200,000 (the “Second Tranche”).
VANCOUVER, British Columbia, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV: PGX) announces that it has closed the first tranche of a private placement financing of common shares in the capital of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (each, a “FT Share”). The first tranche of the financing consisted of 4,544,727 FT Shares at a price of $0.11 per FT Share, for gross proceeds to the Company of $499,920 (the “First Tranche”).
UTRECHT, The Netherlands, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Stichting Depositary Plethora Precious Metals Fund (“Plethora”) announces that its holdings of Prosper Gold Corp. (the “Company”) have increased to more than 10% of the issued and outstanding shares of the Company, due to an acquisition of 1,500,000 common shares and 1,500,000 common share purchase warrants of the Company acquired by Plethora pursuant to private placement of units closed October 10, 2024 (the “Event”).
VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) announces that it has closed its non-brokered private placement financing (the “Financing”) of units (each, a “Unit”).