Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Wells Fargo & Company - Preferred Stock (NYSE:WFC.PRA) with a Buy recommendation.
What is the Fund Sentiment?
There are 36 funds or institutions reporting positions in Wells Fargo & Company - Preferred Stock. This is an increase of 2 owner(s) or 5.88% in the last quarter. Average portfolio weight of all funds dedicated to WFC.PRA is 0.39%, an increase of 4.25%. Total shares owned by institutions decreased in the last three months by 0.57% to 10,068K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 3,191K shares. In its prior filing, the firm reported owning 3,106K shares , representing an increase of 2.67%. The firm increased its portfolio allocation in WFC.PRA by 1.04% over the last quarter.
PGX - Invesco Preferred ETF holds 1,875K shares. In its prior filing, the firm reported owning 1,918K shares , representing a decrease of 2.32%. The firm decreased its portfolio allocation in WFC.PRA by 0.78% over the last quarter.
CPXAX - Cohen & Steers Preferred Securities & Income Fund, Inc. holds 1,251K shares. In its prior filing, the firm reported owning 1,215K shares , representing an increase of 2.85%. The firm increased its portfolio allocation in WFC.PRA by 3.92% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 945K shares. In its prior filing, the firm reported owning 919K shares , representing an increase of 2.79%. The firm increased its portfolio allocation in WFC.PRA by 3.32% over the last quarter.
PGF - Invesco Financial Preferred ETF holds 589K shares. In its prior filing, the firm reported owning 549K shares , representing an increase of 6.68%. The firm increased its portfolio allocation in WFC.PRA by 5.29% over the last quarter.
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