The iShares Preferred and Income Securities ETF (PFF) reported a significant outflow of approximately $123 million for the week ending recently, marking a 0.9% decrease in shares outstanding from 459,100,000 to 455,150,000.
Over the past year, PFF has fluctuated between a low of $28.70 and a high of $32.28 per share, with a recent trading value of $31.11. These changes may influence the underlying holdings of the ETF as creation or destruction of units occurs.
In monitoring weekly changes in shares outstanding, ETFs can experience notable inflows or outflows which directly impact their underlying assets.
