On June 6, 2025, William Blair initiated coverage of Allstate Corporation – Preferred Stock (NYSE: ALL.PRH) with a Sector Outperform recommendation. Currently, 30 funds report positions in ALL.PRH, an increase of 2 funds (7.14%) from the previous quarter, though total institutional shares owned decreased by 0.93% to 9,734,000 shares.
Among major shareholders, the iShares Preferred and Income Securities ETF decreased its holdings from 4,276,000 to 3,968,000 shares (a 7.77% reduction). The Invesco Preferred ETF saw a slight decrease to 1,869,000 shares (0.62%), while the Global X U.S. Preferred ETF reduced its allocation by 4.76% to 879,000 shares. Conversely, the Invesco Financial Preferred ETF increased its portfolio allocation by 6.28% despite holding 863,000 shares, down from 885,000.
