Intercontinental Exchange (NYSE: ICE): Vanguard reports 10% beneficial stake
Rhea-AI Filing Summary
The Vanguard Group has filed an amended Schedule 13G reporting beneficial ownership of 57,061,845 shares of Intercontinental Exchange Inc. common stock, representing 10% of the class as of the reported date. Vanguard reports no sole voting power, with 3,411,536 shares under shared voting power, reflecting how its funds and accounts vote shares. It reports 51,590,216 shares with sole dispositive power and 5,471,629 shares with shared dispositive power, indicating control over how these shares may be sold.
The filing states that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Intercontinental Exchange. Vanguard explains that its clients and managed accounts have rights to dividends and sale proceeds from these shares, and that no single other person has an interest in more than 5% of the class through these holdings.
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