Global X Management (IIIN) discloses 6.25% Insteel Industries ownership in latest filing
Rhea-AI Filing Summary
Global X Management Company LLC reports beneficial ownership of common stock of Insteel Industries Inc. Global X holds 1,209,588 shares of Insteel common stock, representing 6.25% of the class as of the reporting date. The firm has sole power to vote and to dispose of all 1,209,588 shares, with no shared voting or dispositive power. Certain investment companies registered under the Investment Company Act of 1940 and managed by Global X Management Company LLC have the right to receive any dividends from, or the proceeds from the sale of, these securities.
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Key Figures
Beneficial ownership percentage: 6.25%
Shares beneficially owned: 1,209,588 shares
Sole voting power: 1,209,588 shares
+1 more
4 metrics
Beneficial ownership percentage
6.25%
Percent of Insteel Industries Inc common stock class reported as beneficially owned
Shares beneficially owned
1,209,588 shares
Insteel Industries Inc common stock beneficially owned by Global X Management Company LLC
Sole voting power
1,209,588 shares
Shares over which Global X Management Company LLC has sole power to vote
Sole dispositive power
1,209,588 shares
Shares over which Global X Management Company LLC has sole power to dispose
Key Terms
beneficially owned, Sole Voting Power, dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: The information in items 1 and 5 through 11"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 1,209,588.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole Dispositive Power 1,209,588.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Investment Company Act of 1940 regulatory
"investment companies registered under the Investment Company Act of 1940 managed by GXMC"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
Schedule 13G regulatory
"A listing of the shareholders of an investment company registered under the Investment Company Act of 1940"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Insteel Industries Inc (IIIN) does Global X Management Company LLC own?
Global X Management Company LLC reports beneficial ownership of 6.25% of Insteel Industries Inc common stock. This stake is based on 1,209,588 shares of no par value common stock, as disclosed in the Schedule 13G/A amendment.
What class of securities in Insteel Industries Inc (IIIN) is held by Global X Management Company LLC?
Global X Management Company LLC holds Insteel Industries Inc common stock (no par value). The position covers 1,209,588 shares identified by CUSIP 45774W108, as specified in the ownership disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.