BlackRock (ARTNA) discloses 10.2% passive ownership in Artesian Resources Class A
Rhea-AI Filing Summary
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 961,054 shares of Artesian Resources Corp Class A stock, representing 10.2% of the class. BlackRock reports sole voting and sole dispositive power over all of these shares.
The filing notes that this ownership is held through certain BlackRock business units and is treated on a disaggregated basis from other units. It also states that iShares U.S. Infrastructure ETF has an interest in Artesian Resources common stock of more than five percent of the total outstanding shares.
BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Artesian Resources, other than activities solely in connection with a nomination under Rule 240.14a-11.
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Insights
BlackRock reports a 10.2% passive stake in Artesian Resources.
The filing shows BlackRock, Inc. beneficially owning 961,054 Artesian Resources Class A shares, or 10.2% of the class, with sole voting and sole dispositive power. This crosses the 10% threshold but is reported on a Schedule 13G, which is used for passive ownership.
BlackRock certifies the position is held in the ordinary course of business and not to change or influence control, aligning with a passive institutional holder. The disclosure also highlights that iShares U.S. Infrastructure ETF alone has more than five percent of the issuer’s outstanding common stock, indicating concentration within a specific fund.
The amendment status (Amendment No. 8) suggests this stake has been monitored over time. Future changes in the reported percentage or a shift to a different reporting form would indicate a change in positioning or intent, but no such change is indicated in this excerpt.