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BlackRock Invests $12.71 Million in Friedman Industries Inc.

Guavy AI Editorial Team
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JPM
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BlackRock Inc. has invested $12.71 million in Friedman Industries Inc. (NASDAQ:FRD), purchasing 394,898 shares during the second quarter.

The investment valued at approximately $12,708,000 represents a new position for BlackRock Inc., which now owns 5.48% of Friedman Industries' stock.

Other institutional investors have also increased their stakes in FRD, including BNP Paribas Financial Markets and JPMorgan Chase & Co.

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