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 ...
His backers will toss him aside like a used condom once it is seen he does absolutely nothing for their cause................
He is psychotic and really IS Hitler-like.
I’m boycotting Hogg and his fellow twits. I’ll continue to do business with Vanguard. My advice to others: Please don’t feed the Hogg.
The SEC might want to talk with this ignoramus, seeing that calling for a ‘boycott’ of these investment companies can or could cause their financial worth to be disturbed....................
My 401K is invested partly thru Vanguard.
The SEC should haul his ignorant stupid ass in.........................
The lefts’ new Cindy Sheehan.
Dunno about the rest of y’all, but I’m about damned sick of seeing this little maggot’s name on my articles list.
RE: Twitter followers
There are people who have their money in Vanguard and Invesco who FOLLOW this teenie twerp on Twitter?
Who in their right mind who is working and has a 401K in these giant funds wastes his computer time on this boy?
pigs get fed
hoggs get slaughtered
Obnoxious little dork reminds me of a character played by Billy Mumy on The Twilight Zone.
anna putnam jr
salem circle girls
“His ‘twitter followers’ could only ‘boycott’ Cheerios and McDonalds.....................”
or Fruit Loops
His face is shaped like an inverted triangle. If you squint, you can see the ‘pizza’ pedo logo.
Anyone who takes advice from that spoiled brat loser is most likely too stupid to remember how to breathe, never mind manage a portfolio. I don’t think Vanguard and Blackrock have too much to worry about.
Jerk is on a total power trip.
Grow a man’s jaw, kid. And, while you’re at it, get some ear lobes.
Boycott Blackrock and Vanguard?
That’s kind of like “boycotting” Alcoa or the Parker Drilling Company. What do you say? “Honey! When you go to the Piggly-Wiggly for groceries, do forego those Vanguard Potato Chips and the Blackrock Merlot. Oh, and we really ought to pull our money out of Bank of Ireland and put it somewhere more responsible. Is there a Bank of Somalia?
He’s now on minute 17...
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