Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Bank of America Corporation - Preferred Stock (NYSE:BAC.PRE) with a Buy recommendation.
What is the Fund Sentiment?
There are 14 funds or institutions reporting positions in Bank of America Corporation - Preferred Stock. This is an increase of 3 owner(s) or 27.27% in the last quarter. Average portfolio weight of all funds dedicated to BAC.PRE is 0.35%, an increase of 20.05%. Total shares owned by institutions increased in the last three months by 1.57% to 1,230K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 600K shares. In its prior filing, the firm reported owning 584K shares , representing an increase of 2.69%. The firm decreased its portfolio allocation in BAC.PRE by 1.69% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 218K shares. In its prior filing, the firm reported owning 221K shares , representing a decrease of 1.46%. The firm decreased its portfolio allocation in BAC.PRE by 6.07% over the last quarter.
PFFV - Global X Variable Rate Preferred ETF holds 133K shares. In its prior filing, the firm reported owning 126K shares , representing an increase of 5.59%. The firm increased its portfolio allocation in BAC.PRE by 1.37% over the last quarter.
VRP - Invesco Variable Rate Preferred ETF holds 93K shares. In its prior filing, the firm reported owning 94K shares , representing a decrease of 1.23%. The firm decreased its portfolio allocation in BAC.PRE by 5.67% over the last quarter.
PSK - SPDR(R) Wells Fargo Preferred Stock ETF holds 57K shares. In its prior filing, the firm reported owning 50K shares , representing an increase of 12.34%. The firm increased its portfolio allocation in BAC.PRE by 0.29% over the last quarter.
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