BlackRock Reports No Beneficial Ownership of SPDR S&P Insurance ETF (KIE)
Rhea-AI Filing Summary
BlackRock Portfolio Management LLC filed an amended Schedule 13G for common stock of SPDR SERIES TRUST (SPDR S&P Insurance ETF, ticker KIE) reporting zero beneficial ownership as of the filing. The filing lists the issuer's principal office in Boston and states that the Reporting Business Units of BlackRock, Inc. collectively are reflected per SEC guidance. Itemized ownership rows show 0 shares and 0.0% of the class, with no sole or shared voting or dispositive powers. The filing also notes that various persons hold rights to dividends or proceeds in the SPDR S&P Retail ETF but that no single person holds more than 5% of outstanding common shares. The document is signed by Spencer Fleming, Managing Director, on 09/04/2025.
Positive
- Complete compliance disclosure filed and signed, demonstrating regulatory adherence
- Clear statement of zero ownership (0 shares, 0.0%), removing ambiguity about BlackRock Portfolio Management LLC's stake
- Affirms no single holder exceeds 5% for the referenced common shares
Negative
- None.
Insights
TL;DR BlackRock reports no beneficial ownership of the referenced SPDR shares; this is a compliance disclosure, not a market-moving update.
The filing indicates 0 shares and 0.0% ownership across voting and dispositive categories, making it a routine Schedule 13G/A submission under SEC rules. It documents the Reporting Business Units' scope within BlackRock and confirms no single external holder exceeds 5% of the ETF's common shares. There are no material transactions, holdings, or changes disclosed that would affect valuation or control.
TL;DR The amendment serves governance and disclosure compliance; it confirms absence of control or significant stake by the reporting units.
The statement and accompanying certification assert the securities are held, if at all, in the ordinary course of business and not to influence control. The signature and Exhibit 24 POA reference satisfy standard attestation practices. No governance-related concentration, group formation, or control indicators are present in this filing.