Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Bank of America Corporation - Preferred Stock (NYSE:BAC.PRO) with a Buy recommendation.
What is the Fund Sentiment?
There are 30 funds or institutions reporting positions in Bank of America Corporation - Preferred Stock. This is an increase of 6 owner(s) or 25.00% in the last quarter. Average portfolio weight of all funds dedicated to BAC.PRO is 0.32%, an increase of 9.62%. Total shares owned by institutions increased in the last three months by 0.58% to 9,867K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 2,125K shares. In its prior filing, the firm reported owning 2,068K shares , representing an increase of 2.67%. The firm increased its portfolio allocation in BAC.PRO by 1.27% over the last quarter.
PGX - Invesco Preferred ETF holds 1,759K shares. In its prior filing, the firm reported owning 1,906K shares , representing a decrease of 8.34%. The firm decreased its portfolio allocation in BAC.PRO by 5.20% over the last quarter.
CPXAX - Cohen & Steers Preferred Securities & Income Fund, Inc. holds 1,582K shares. In its prior filing, the firm reported owning 1,624K shares , representing a decrease of 2.62%. The firm decreased its portfolio allocation in BAC.PRO by 1.39% over the last quarter.
FPE - First Trust Preferred Securities and Income ETF holds 918K shares. In its prior filing, the firm reported owning 923K shares , representing a decrease of 0.47%. The firm decreased its portfolio allocation in BAC.PRO by 0.63% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 764K shares. In its prior filing, the firm reported owning 746K shares , representing an increase of 2.44%. The firm increased its portfolio allocation in BAC.PRO by 4.15% over the last quarter.
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