- BlackRock, Invesco (IVZ) and Vanguard are the top three institutional holders of
American Outdoor Brands (AOBC), the parent company of Smith & Wesson Corp., one
of the world’s largest gun manufacturers.
- Earlier this month, BlackRock, the world’s largest asset manager, announced that
it would offer two new exchange-traded funds and new index-tracking products for
pensions and 401(k) plans that exclude stocks of gunmakers and large gun retailers.
- Vanguard offers the FTSE Social Index Fund, which screens companies based on social
and environmental criteria, excluding gun manufacturers.
- But, Hogg is not satisfied with these auxiliary options and is encouraging his 764,000
followers to boycott holding groups like Vanguard and BlackRock.
- In a statement to Yahoo Finance, a Vanguard spokesperson said the firm “shares many
individuals’ concerns about public safety and firearm access and hopes that policymakers
take appropriate action to protect Americans from gun violence.
- Here are some of the companies with shares expected to trade actively in Thursday’s
- 'General Electric Co.—Up 0.7%: The company is exploring a public offering for one
of its divisions and discussing hybrid deals with public companies to combine assets,
The Wall Street Journal reported.'
- "—Up 2%: The asset manager brought […]"