BlackRock's Preferred Stock ETF Allocates $380M to Strategy's Preferred Shares

BlackRock's U.S. preferred stock ETF, PFF, has allocated $380 million to preferred stocks issued by Strategy, including $210 million in STRC preferred stock. These holdings constitute 1.47% of PFF's portfolio, making STRC its fourth-largest holding. In addition, PFF holds $170 million in other preferred stocks from Strategy along with common stock in the company.