On October 18, 2024, Phillip Securities upgraded their outlook for Bank of America Corporation – Preferred Security (NYSE:BAC.PRQ) from Neutral to Accumulate.
Current Fund Sentiment
There are currently 28 funds or institutions holding positions in Bank of America Corporation – Preferred Security. This represents a decline of 3 owners, or 9.68%, compared to the previous quarter. The average portfolio weight dedicated to BAC.PRQ among these funds is 0.39%, which shows an increase of 13.33%. Over the last three months, the total shares owned by institutions decreased by 6.02%, totaling 9,405K shares.
PFF – iShares Preferred and Income Securities ETF holds 2,508K shares, down from 2,588K shares, indicating a decrease of 3.18%. Additionally, the firm reduced its portfolio allocation in BAC.PRQ by 4.78% last quarter.
PGX – Invesco Preferred ETF has 2,147K shares, which is a drop from 2,167K shares, marking a decrease of 0.91%. The portfolio allocation in BAC.PRQ was also cut by 1.81% over the same period.
CPXAX – Cohen & Steers Preferred Securities & Income Fund, Inc. maintains 1,647K shares, with no change noted in the last quarter.
PFFD – Global X U.S. Preferred ETF holds 900K shares, down from 925K shares, or a decrease of 2.89%. Their portfolio allocation in BAC.PRQ also fell by 3.65% last quarter.
FSDIX – Fidelity Strategic Dividend & Income Fund remains steady with 665K shares, showing no change in their holdings.
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