November 23, 2016 - By Marie Mckinney · 0 Comments
Nov 23 is a negative day so far for PowerShares Preferred ETF (NYSEARCA:PGX) as the ETF is active during the day after losing 0.14% to hit $14.36 per share. The exchange traded fund has 4.52B net assets and 0.60% volatility this month.
Over the course of the day 288,255 shares traded hands, as compared to an average volume of 2.21M over the last 30 days for PowerShares Preferred ETF (NYSEARCA:PGX).
The ETF is -6.14% of its 52-Week High and 6.33% of its low, and is currently having ATR of 0.1. This year’s performance is -0.30% while this quarter’s performance is -5.34%.
The ETF’s YTD performance is 5.1%, the 1 year is 7.14% and the 3 year is 9.12%.
The fund’s top holdings are: Barclays Bank Plc for 3.06% of assets, Wells Fargo & Co San Francisco Ca Pfd for 2.64%, Hsbc Hldgs Pfd for 2.59%, Deutsche Bk Contingent Cap Tr V Pfd for 2.20%, Citigroup Pfd for 1.65%, Bb&T Pfd for 1.64%, Bk Amer for 1.53%, Jpmorgan Chase Pfd for 1.46%, Pnc Finl Svcs Grp Pfd for 1.45%. The ETF sector weights are: Financial Services 72.55%, Realestate 1.93%, Utilities 18.01%, Communication Services 3.87%, Energy 0.46%, Industrials 3.18%. The ETF currently as 5.71% yield.
More notable recent PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) news were published by: Marketwatch.com which released: “PowerShares Preferred Portfolio ETF” on June 17, 2010, also Fool.com with their article: “Top 5 Preferred Stock ETFs” published on June 19, 2016, Seekingalpha.com published: “The 3 Best Preferred ETFs In The Market” on May 24, 2016. More interesting news about PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) were released by: Seekingalpha.com and their article: “PowerShares Variable Rate Preferred Portfolio: A Good Or Bad Investment?” published on July 01, 2016 as well as Etfdailynews.com‘s news article titled: “How To Play The Correction In Preferred Stock ETFs” with publication date: August 16, 2013.
The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The ETF has a market cap of $4.52 billion. The Fund normally invest at least 90% of its total assets in securities that comprise the Index. It currently has negative earnings. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.
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By Marie Mckinney