SCHEDULE 13G/A: BlackRock Reports Zero Beneficial Ownership in iShares Trust in Latest SEC Filing

Sentiment:

Beneficial Ownership Report


BlackRock, Inc. has filed an Amendment No. 2 to Schedule 13G, reporting 0.0% beneficial ownership in iShares Trust as of January 31, 2025.

Summary

  • BlackRock, Inc. filed an Amendment No. 2 to Schedule 13G concerning its beneficial ownership in iSHARES TRUST.
  • The filing indicates that BlackRock, Inc. and its Reporting Business Units beneficially own 0.00 shares, representing 0.0% of the Common Stock class of iSHARES TRUST.
  • The beneficial ownership reported includes zero sole voting power, zero shared voting power, zero sole dispositive power, and zero shared dispositive power.
  • BlackRock, Inc. 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 the issuer.
  • The filing specifies iSHARES TRUST's principal executive offices are at 400 Howard Street, San Francisco, California, 94105.
  • The CUSIP number for the Common Stock is 46434V886.
  • The filing was signed by Spencer Fleming, Managing Director of BlackRock, Inc., on February 7, 2025.
  • An updated Power of Attorney, effective January 21, 2025, was included, revoking a previous power of attorney dated April 30, 2023.

Sentiment

Score: 5

Explanation: The document is a neutral, factual compliance filing reporting beneficial ownership. It contains no positive or negative operational or financial news for the issuer or the reporting entity.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding iShares Trust's future performance or BlackRock's future investment intentions beyond the current beneficial ownership status.

Management Comments

  • "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the 'Reporting Business Units') of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release."
  • "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing is a routine compliance disclosure by BlackRock, a major global asset manager, regarding its beneficial ownership in an iShares Trust, which is part of its extensive ETF product line. The report of 0% ownership by the specified reporting units is a standard update for institutional investors to comply with SEC regulations, indicating that the reporting entity does not hold a significant, reportable stake in this specific trust as of the event date.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Power of Attorney UpdateBlackRock, Inc. updated its Power of Attorney, appointing several individuals as attorneys-in-fact for executing and filing various SEC and other regulatory documents. This new Power of Attorney revokes a previous one dated April 30, 2023.01/21/2025This is an administrative update to BlackRock's internal governance procedures for regulatory filings, streamlining the process for authorized personnel to sign and submit required documents. It does not directly impact the corporate governance of iShares Trust.

Stakeholder Impact

  • Shareholders of iShares Trust: The filing indicates that BlackRock's specified reporting units do not hold a significant, reportable beneficial ownership stake (0.0%) in the trust, which may be noted by investors tracking institutional holdings.

Key Dates

DateDescription
04/30/2023Date of previous Power of Attorney revoked by the new one.
01/21/2025Effective date of the new Power of Attorney for BlackRock, Inc.
01/31/2025Date of event which requires filing of this statement (beneficial ownership status).
02/07/2025Date the Schedule 13G/A was signed by BlackRock, Inc.

Keywords

BlackRock, iShares Trust, SEC filing, Schedule 13G, beneficial ownership, common stock, asset management, compliance

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