iShares Preferred and Income Securities ETF Price & Performance (PFF)

Baird has upgraded Bank of America Corporation's preferred stock (BAC.PRQ) from Neutral to Outperform as of March 7, 2025. Institutional ownership trends reveal a 3.12% increase in shares held, signaling growing confidence. Portfolio allocation to BAC.PRQ rose by 6.15%, reflecting positive sentiment among major funds.1

RBC Capital upgraded Wells Fargo & Company's preferred stock (WFC.PRD) to Outperform on March 13, 2025. Institutional ownership saw a slight decline, but portfolio weight increased by 4.62%, indicating optimism. Notable funds like Invesco Financial Preferred ETF increased their allocation by 8.73%, highlighting renewed interest in the stock.2

On March 10, 2025, Citigroup elevated KeyCorp's preferred stock (KEY.PRJ) from Neutral to Buy. Institutional ownership grew by 1.70%, while average portfolio weight rose by 17.61%. This upgrade reflects increasing investor confidence, with several funds modestly boosting their allocations to the stock.3