Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Wells Fargo & Company - Preferred Stock (NYSE:WFC.PRC) with a Buy recommendation.
What is the Fund Sentiment?
There are 28 funds or institutions reporting positions in Wells Fargo & Company - Preferred Stock. This is an increase of 8 owner(s) or 40.00% in the last quarter. Average portfolio weight of all funds dedicated to WFC.PRC is 0.29%, an increase of 26.74%. Total shares owned by institutions increased in the last three months by 1.64% to 8,286K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 2,849K shares. In its prior filing, the firm reported owning 2,773K shares , representing an increase of 2.67%. The firm increased its portfolio allocation in WFC.PRC by 2.26% over the last quarter.
PGX - Invesco Preferred ETF holds 1,693K shares. In its prior filing, the firm reported owning 1,737K shares , representing a decrease of 2.58%. The firm decreased its portfolio allocation in WFC.PRC by 0.80% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 837K shares. In its prior filing, the firm reported owning 850K shares , representing a decrease of 1.58%. The firm decreased its portfolio allocation in WFC.PRC by 0.88% over the last quarter.
CPXAX - Cohen & Steers Preferred Securities & Income Fund, Inc. holds 795K shares. No change in the last quarter.
PGF - Invesco Financial Preferred ETF holds 528K shares. In its prior filing, the firm reported owning 491K shares , representing an increase of 6.95%. The firm increased its portfolio allocation in WFC.PRC by 6.35% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
