Big institutional investments often shine a spotlight on companies that many investors may have overlooked. That’s exactly what happened after BlackRock (BLK) disclosed a new 7.2% passive stake in Ondas (ONDS) through a Schedule 13G filing with the United States Securities and Exchange Commission, revealing ownership of 38.1 million shares.
The move has put the spotlight back on Ondas, a company developing autonomous systems and advanced technology products for defense and industrial markets – two sectors drawing growing investor interest. The timing is particularly interesting.