Strategy Preferred Stock Becomes VanEck PFXF ETF’s Top Holding at 7.6%

Cointime reports: Strategy’s preferred stock has become the largest holding in VanEck’s Preferred Securities ex-Financials ETF (PFXF), accounting for about 7.6% of the fund’s net assets, or roughly $161 million, as of Nov. 5. BlackRock’s iShares Preferred and Income Securities ETF (PFF) held about $404 million of Strategy preferred stock as of Nov. 4, equal to roughly 3.5% of that fund’s assets.