Fintel reports that on January 7, 2025, UBS upgraded their outlook for Bank of America Corporation - Preferred Stock (NYSE:BAC.PRN) from Neutral to Buy.
What is the Fund Sentiment?
There are 25 funds or institutions reporting positions in Bank of America Corporation - Preferred Stock. This is an increase of 4 owner(s) or 19.05% in the last quarter. Average portfolio weight of all funds dedicated to BAC.PRN is 0.34%, an increase of 11.50%. Total shares owned by institutions increased in the last three months by 0.87% to 8,257K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 2,624K shares. In its prior filing, the firm reported owning 2,518K shares , representing an increase of 4.06%. The firm increased its portfolio allocation in BAC.PRN by 2.64% over the last quarter.
PGX - Invesco Preferred ETF holds 2,120K shares. In its prior filing, the firm reported owning 2,175K shares , representing a decrease of 2.59%. The firm decreased its portfolio allocation in BAC.PRN by 0.64% over the last quarter.
PFFD - Global X U.S. Preferred ETF holds 923K shares. In its prior filing, the firm reported owning 903K shares , representing an increase of 2.20%. The firm increased its portfolio allocation in BAC.PRN by 3.12% over the last quarter.
CPXAX - Cohen & Steers Preferred Securities & Income Fund, Inc. holds 664K shares. In its prior filing, the firm reported owning 757K shares , representing a decrease of 13.99%. The firm decreased its portfolio allocation in BAC.PRN by 11.30% over the last quarter.
PGF - Invesco Financial Preferred ETF holds 656K shares. In its prior filing, the firm reported owning 604K shares , representing an increase of 7.84%. The firm increased its portfolio allocation in BAC.PRN by 5.26% 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.
