BlackRock Inc. acquired a new stake in industrial products manufacturer Belden Inc. The investment firm purchased 5,141,658 shares. This position is valued at approximately $616,536,000.
The acquisition gives BlackRock a 13.16% ownership stake in the company. This disclosure was made in a recent filing with the Securities & Exchange Commission.
Other institutional investors are also showing interest in the firm. Callan Family Office LLC initiated a new, smaller position in Belden during the second quarter.