Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Wells Fargo & Company - Preferred Stock (NYSE:WFC.PRY) with a Buy recommendation.
What is the Fund Sentiment?
There are 24 funds or institutions reporting positions in Wells Fargo & Company - Preferred Stock. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to WFC.PRY is 0.27%, an increase of 0.02%. Total shares owned by institutions increased in the last three months by 4.95% to 5,561K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 1,858K shares. In its prior filing, the firm reported owning 1,808K shares , representing an increase of 2.67%. The firm increased its portfolio allocation in WFC.PRY by 0.97% over the last quarter.
PGX - Invesco Preferred ETF holds 1,112K shares. In its prior filing, the firm reported owning 1,141K shares , representing a decrease of 2.59%. The firm decreased its portfolio allocation in WFC.PRY by 3.15% over the last quarter.
FPE - First Trust Preferred Securities and Income ETF holds 601K shares. In its prior filing, the firm reported owning 603K shares , representing a decrease of 0.18%. The firm increased its portfolio allocation in WFC.PRY by 0.71% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 559K shares. In its prior filing, the firm reported owning 559K shares , representing an increase of 0.01%. The firm decreased its portfolio allocation in WFC.PRY by 1.69% over the last quarter.
PGF - Invesco Financial Preferred ETF holds 347K shares. In its prior filing, the firm reported owning 328K shares , representing an increase of 5.46%. The firm increased its portfolio allocation in WFC.PRY by 5.94% over the last quarter.
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