Strategy's Stretch Preferred Stock Becomes Major Holding in BlackRock ETF

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.