The Reversal in Fortune
News from Fintel on September 13, 2024, revealed Citigroup’s shift in stance on SL Green Realty’s Preferred Stock (NYSE:SLG.PRI) from a pessimistic Sell to a more neutral Neutral outlook.
Insights into Fund Sentiments
The latest data discloses that 13 funds or institutions continue to hold positions in SL Green Realty’s Preferred Stock, marking no change over the past quarter. The average portfolio weight of all funds invested in SLG.PRI stands at 0.57%, reflecting a substantial 6.32% surge. Institutional ownership of shares has marginally risen by 0.33% to reach 2,116K shares in the last three months.
Among notable shareholders, PFF in iShares Preferred and Income Securities ETF holds 705K SLG.PRI shares. The latest filing indicates a slight decrease of 0.06% in their holdings, with a notable 7.05% portfolio reduction in SLG.PRI over the last quarter.
Virtus InfraCap U.S. Preferred Stock ETF, under PFFA, has upped its shareholding to 385K, showing a significant increase of 9.09% from the previous quarter with a 2.46% drop in portfolio allocation.
Invesco Preferred ETF, represented by PGX, has downsized its SLG.PRI stakes to 381K, depicting a 2.31% decrease and a mere 0.01% cut in the portfolio allocation over the past quarter.
Global X U.S. Preferred ETF, as seen in PFFD, holds 187K SLG.PRI shares. Announcing a 2.87% decrease, the firm has reduced its portfolio involvement by 0.50% in SLG.PRI over the last quarter.
Nuveen Real Estate Income Fund owns 144K SLG.PRI shares, marking a 5.67% decrease from the previous 153K shares held. Their SLG.PRI portfolio allocation took a significant 14.11% dip over the past quarter.
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