Athene pushes higher; AT&T preferreds positive; Wells Fargo gains

By James McCandless

San Antonio, July 21 – At the end of the Tuesday session, the preferred market continued to see improvements.

As the volume leader, retirement name Athene Holding Ltd.’s 6.375% series C fixed-rate reset perpetual non-cumulative preference shares were up 40 cents to close at $25.78 on volume of about 887,000 shares.

Telecom services provider AT&T, Inc.’s 4.75% series C perpetual preferred stock gathered 7 cents to close at $24.51 with about 792,000 shares trading.

Meanwhile, in the finance space, Wells Fargo & Co.’s 5.85% series Q fixed-to-floating rate non-cumulative perpetual class A preferred stock moved up 11 cents to close at $25.00 on volume of about 763,000 shares trading.

Sector peer JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferred stock rose 12 cents to close at $27.50 with about 565,000 shares trading.

Elsewhere, in oil and gas, Energy Transfer Operating, LP’s 7.6% series E fixed-to-floating rate cumulative redeemable perpetual preferred units picked up 36 cents to close at $19.36 on volume of about 757,000 shares.

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