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Preferred stock ETFs sit in an awkward corner of the income market: too rate-sensitive to feel like true fixed income, too subordinated to trade like common equity.
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 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.
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 - 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 - 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 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.
The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, focusing on internally managed BDCs, disciplined midstream operators, select REITs, and actively managed preferred ETFs for sustainable income. BDCs with internal management, like MAIN, command significant NAV premiums, reflecting superior alignment and lower capital costs compared to externally managed peers.