Bank of America Preferred Stock Gets a Positive Lift
On October 18, 2024, Phillip Securities upgraded their outlook for Bank of America Corporation – Preferred Stock (NYSE:BAC.PRK) from Neutral to Accumulate.
Fund Sentiment Overview
Currently, 21 funds and institutions hold positions in Bank of America Corporation – Preferred Stock. This reflects a decrease of one owner, or 4.55%, compared to the previous quarter. The average portfolio weight for all funds invested in BAC.PRK is now 0.36%, which marks an increase of 11.48%. However, total shares owned by institutions fell by 3.05% over the last three months to reach 5,081K shares.
PFF – iShares Preferred and Income Securities ETF owns 1,638K shares, a drop from 1,689K shares, which is a 3.11% decline. Notably, the firm increased its portfolio allocation in BAC.PRK by 1.73% over the last quarter.
PGX – Invesco Preferred ETF holds 1,430K shares, down from 1,463K shares, indicating a decrease of 2.31%. This firm also raised its portfolio allocation in BAC.PRK by 2.04% last quarter.
PFFD – Global X U.S. Preferred ETF has 590K shares in its holdings, down from 607K shares, amounting to a 2.88% decrease. They increased their allocation in BAC.PRK by 1.53% over the last quarter.
PGF – Invesco Financial Preferred ETF holds 403K shares, reduced from 407K shares, reflecting a 1.18% decrease. This institution slightly decreased its allocation in BAC.PRK by 0.15%.
CPXAX – Cohen & Steers Preferred Securities & Income Fund, Inc. reports 355K shares after a significant decline from 434K shares, which is a 22.39% drop. Their portfolio allocation in BAC.PRK decreased by 14.51% over the last quarter.
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