🚀 Strategy's Stretch Preferred Stock Becomes Major Holding in BlackRock ETF
#Strategy #Stretch #PreferredStock #BlackRock #ETF #iShares #PreferredAndIncomeSecurities #PPFETF #Odaily #Strife #MSTR #Stride #Investment
Strategy's perpetual preferred stock, Stretch (STRC), has emerged as the fourth largest holding in BlackRock's iShares Preferred and Income Securities ETF (PPF ETF), with an allocation of $210 million. According to Odaily, the ETF also includes several other Strategy preferred stocks, totaling approximately $380 million in value.
Among these holdings are Strife (STRF), with an allocation of $97.5 million and a weight of 0.69%, MSTR common stock, allocated $90 million with a weight of 0.64%, and Stride (STRD), with an allocation of $73 million and a weight of 0.51%. The inclusion of these stocks highlights Strategy's significant presence in the ETF's portfolio.#Strategy #Stretch #PreferredStock #BlackRock #ETF #iShares #PreferredAndIncomeSecurities #PPFETF #Odaily #Strife #MSTR #Stride #Investment