BlackRock (IIIN) discloses 2.79M shares, 14.4% stake in INSTEEL Industries
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G/A reporting beneficial ownership of 2,787,132 shares of INSTEEL INDUSTRIES INC common stock, representing 14.4% of the class. The filing shows BlackRock has sole voting power over 2,756,005 shares and sole dispositive power over 2,787,132 shares. The filing also notes that iShares Core S&P Small-Cap ETF holds more than 5% of the issuer's common stock. The amendment is signed by a BlackRock Managing Director.
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Insights
BlackRock reports a 14.4% beneficial stake in INSTEEL Industries.
BlackRock's Schedule 13G/A discloses a sizeable institutional position of 2,787,132 shares (14.4%), with near-complete sole voting and dispositive power recorded. The filing also flags an affiliated ETF with >5% interest.
Large passive holdings like this can affect shareholder voting outcomes; subsequent disclosures or amendments will clarify any changes in holdings or voting arrangements.
Key Figures
Key Terms
Schedule 13G/A regulatory
beneficially owned financial
sole dispositive power regulatory
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