Posted on 04/18/2018 10:38:41 AM PDT by SeekAndFind
David Hogg, a 17-year-old high school senior and survivor of the mass shooting at Marjory Stoneman Douglas High School, is now an outspoken gun law activist. He took to Twitter on Tuesday to encourage a boycott of BlackRock (BLK) and The Vanguard Group.
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#BoycottVanguard #BoycottBlackrock
— David Hogg (@davidhogg111) April 17, 2018
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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. BlackRock and Vanguard are also the largest holders of gunmaker Sturm Ruger (RGR).
Many of these funds are passively managed, which means companies like American Outdoor Brands and Sturm Ruger are in their portfolios because they are part of major stock market indexes.
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. This was in response to the mounting pressure from customers urging Wall Street to take a stand on the gun debate.
The new funds will not invest in American Outdoor Brands, Sturm Ruger, Walmart (WMT), Dick’s Sporting Goods (DKS), Kroger (KR), and Vista Outdoor (VSTO), a BlackRock spokesperson told CNBC.
Vanguard offers the FTSE Social Index Fund, which screen 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. ”
(Excerpt) Read more at finance.yahoo.com ...
This kid is as bad as Hillary. He won’t go away and he thinks he’s actually relevant.
Yes, everyone take financial advice from a 17-year-old narcissist.
His ‘twitter followers’ could only ‘boycott’ Cheerios and McDonalds.....................
Guns is 1% of the portfolio.....Yeh....sure I’m gonna pull my money out to appease Cry Baby David.
Go back to Study Hall.
“David Hogg, a 17-year-old high school senior and survivor...”
Survivor - my butt!
He wasn’t anywhere close to the shooting. Bunch of crap!
The Left’s favorite twerp had bloviated once again.
He just had a birthday................he’s an ‘adult’ now................
He still knows bupkis.
Yea, like I’m taking investment advice from a high school kid.
Posting articles about this twerp doesn’t help. He’s a barnacle on the ass end of a whale. Nothing more.
Let him run. In fact, the more the better. The more he screams and agitates, the more he degrades and cheapens himself.
Can I buy a gun makers stock, just one share, in protest of the camera hog and her friends?
It is like my grandmother used to say; children should be seen and not heard.
David Hogg tells Twitter followers to boycott BlackRock and Vanguard
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And in response to this BlackRock and Vanguard sent Pigg a $1000 voucher as appreciation for all the extra business this Tweet will give them.
Yawnnnnnnn. Who is going to boycott them? Snowflakes don’t but guns.
This puke only has a microphone because the media scum are giving him one. Why is this a “news” story at all? How many other Twitter scum does Yahoo Finance report on? This is an issue because of the media. The media is the problem.
When ever a reporter/writer adds in about someones ‘followers’ on any social media sight in order to enhance their story then they have serious credibility issues.
We all know there are now companies on line that sell made-up “followers” to Hollywood stars as well as individuals wanting to establish popularity or revive one. They can add thousands to anyones twitter or facebook accounts to look like they’re popular.
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