Fintel reports that on January 7, 2025, UBS upgraded their outlook for Bank of America Corporation - Preferred Security (NYSE:MER.PRK) from Neutral to Buy.
What is the Fund Sentiment?
There are 17 funds or institutions reporting positions in Bank of America Corporation - Preferred Security. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to MER.PRK is 0.71%, an increase of 1.90%. Total shares owned by institutions increased in the last three months by 2.57% to 5,783K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 2,083K shares. In its prior filing, the firm reported owning 2,028K shares , representing an increase of 2.68%. The firm decreased its portfolio allocation in MER.PRK by 3.96% over the last quarter.
PGX - Invesco Preferred ETF holds 1,348K shares. In its prior filing, the firm reported owning 1,292K shares , representing an increase of 4.19%. The firm increased its portfolio allocation in MER.PRK by 4.14% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 743K shares. In its prior filing, the firm reported owning 728K shares , representing an increase of 1.91%. The firm increased its portfolio allocation in MER.PRK by 0.63% over the last quarter.
PFFV - Global X Variable Rate Preferred ETF holds 455K shares. In its prior filing, the firm reported owning 429K shares , representing an increase of 5.84%. The firm increased its portfolio allocation in MER.PRK by 5.27% over the last quarter.
VRP - Invesco Variable Rate Preferred ETF holds 326K shares. In its prior filing, the firm reported owning 330K shares , representing a decrease of 1.24%. The firm decreased its portfolio allocation in MER.PRK by 2.31% over the last quarter.
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