Invesco Preferred ETF (PGX)
Prosper Gold Announces Agreement to Sell Golden Sidewalk Project
VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) announces that the Company has entered into a definitive purchase agreement (the “Purchase Agreement”) with Kenorland Exploration Ltd. (“Kenorland” or the “Purchaser”), pursuant to which the Company has agreed to sell to Kenorland its 100% interest in the Golden Sidewalk and Skinner properties (the “Properties”) located approximately 60 km east of Red Lake, Ontario (the “Transaction”).
PGX: Poor Returns, Almost No Downside Protection, It's A Sell.
PGX has an asymmetric return profile. Moves to the upside are capped, whereas it participates fully in selloffs. While the preferred shares that PGX owns are structurally senior to common equity, debt instruments that rank above it which have defaulted have a median recovery rate of 9%. In times of market stress, PGX has sold off as much if not more than the S&P 500.
Invesco Preferred ETF $PGX Shares Sold by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC lowered its position in Invesco Preferred ETF (NYSEARCA:PGX) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,345,619 shares of the company's stock after selling 205,288 shares during the quarter. Invesco Preferred ETF comprises
Invesco Preferred ETF (NYSEARCA:PGX) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?
Invesco Preferred ETF (NYSEARCA:PGX - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $11.39 and traded as low as $10.88. Invesco Preferred ETF shares last traded at $10.88, with a volume of 4,231,179 shares. Invesco Preferred
Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update
Invesco Preferred ETF (NYSEARCA:PGX - Get Free Report) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 4,844,502 shares, a decline of 13.7% from the February 12th total of 5,611,886 shares. Based on an average trading volume of 2,116,669 shares, the days-to-cover ratio
Bank of America Corp DE Boosts Holdings in Invesco Preferred ETF $PGX
Bank of America Corp DE grew its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,973,646 shares of the company's stock after purchasing an additional 1,333,558 shares during the period.
Invesco Preferred ETF $PGX Stock Holdings Boosted by SG Americas Securities LLC
SG Americas Securities LLC increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 110.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 382,831 shares of the company's stock after acquiring an additional 200,531 shares during the period.
Cascade Financial Partners LLC Cuts Stock Position in Invesco Preferred ETF $PGX
Cascade Financial Partners LLC trimmed its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 37.8% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,565 shares of the company's stock after selling 76,913 shares during
Balanced Wealth Group LLC Buys 18,704 Shares of Invesco Preferred ETF $PGX
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.
PGX's Portfolio Breakdown
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.
PGX: Complete Portfolio Review
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.
Prosper Gold Refines Target at Cyprus
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.
Prosper Gold Corp. Closes Private Placement
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.
Prosper Gold Corp. Announces Private Placement
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.
PGX ETF: Too Many Red Flags
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: Nothing To Like Here, But We Have An Alternative
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.
2 Preferred Stock ETFs for 2025
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.
Prosper Gold Corp. Closes Second Tranche of Private Placement
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”).
Prosper Gold Corp. Closes First Tranche of Private Placement
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”).
Stichting Depositary Plethora Precious Metals Fund Reports Early Warning Report in respect of Prosper Gold Corp. (TSXV: PGX)
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”).