In a note to investors released April 5, BlackRock announced sweeping changes regarding the presence
of gun stocks in its ETF lineup.
Not exact matches
President Donald Trump said Tuesday that he had directed the Justice Department to propose a ban on devices that modify
guns, such as so - called bump
stocks, which increase the rate
of fire
of semiautomatic firearms.
The teachers union is also putting pressure on its pension managers, who oversee $ 3 trillion
of teacher retirement savings, to push fund companies to shed
gun - maker
stocks, offer funds that specifically exclude
gun - related investments or drop investment managers that refuse.
The company also called on lawmakers to pass «common sense
gun reform,» including the banning
of assault rifles, high - capacity magazines, and bump
stocks, enact universal background checks, and more.
This accessory replaces the standard
stock on a rifle with a piece
of plastic or metal molded to the lower end
of the
gun.
introduced legislation to ban the import, sale, manufacturing, transfer, and possession
of bump
stocks and other similar
gun accessories.
The debate over these
gun accessories first flared up after the shooter in Las Vegas, who fired into a crowd
of concertgoers and killed 58, modified a semiautomatic rifle with a bump
stock.
This is the first time the president has weighed in on the issue, but the Justice Department announced they would look into bump
stocks as part
of a review process on the legal definition
of machine
guns following the Las Vegas shooting.
There are other devices that allow
guns to simulate automatic firing on a semi-automatic weapon, but bump
stocks are the most well known
of the legal options.
A fresh wave
of scrutiny for pensions and money managers that own
stocks of gun makers after the deadly shootings in a Florida high school.
In a post on Twitter on Tuesday, David Hogg remarked on the firms» ownership
of gun maker
stocks, adding «if you use them, feel free to let them know.»
Back in late 2011, the ECRI warned
of an imminent recession and stuck to its
guns during the subsequent upswing in the
stock market.
President Trump took a lot
of credit for the hot
stock market this year, but there's one industry whose investors he hurt:
guns.
Early Marker: Creation in 2000
of his
stock charter Madea, a «God - fearing,
gun - toting, pot - smoking, loudmouthed grandmother» who triggered a series
of plays and provided a springboard for Perry's film and TV career.
In the wake
of the market crash
of 2008, prospective investors in the millennial group (as well as experienced investors in the older demographics) became distrustful
of traditional banks and
gun - shy about investing in
stocks.
While
stock pickers can simply decide not to invest in
gun companies, which also comprises Olin (oln) and Vista Outdoor (vsto), life is a bit more thorny for holders
of mutual and exchange - traded funds in tax - advantaged accounts like a 401 (k) or an IRA.
Investors, meanwhile, have perhaps become desensitized to the inevitable
stock price surges
of gun manufacturers following horrific mass killings.
Barron's says that «The
gun companies generate huge controversy, but not much in the way
of investor value — the market cap
of all three
gun stocks combined is just $ 2.5 billion, a rounding error in the trillions
of dollars managed by Vanguard and BlackRock.»
The company is also pressing the government to enact
gun - reform measures, including a ban on assault - style weapons, high - capacity magazines and bump
stocks; raising the minimum age to 21 for
gun purchasing; universal background checks that include scrutiny
of mental - health information and previous run - ins with the law; and an end to the background - check loophole for
gun show and private sales.
Paddock had 12 bump
stocks, Ken Dilanian reported for NBC News, among an arsenal
of 23
guns at the hotel he shot people from and 19 at his house, at least some
of which were AR - 15 — and AK - 47 — style weapons.
That could be because following the legal definition
of a machine
gun, bump
stocks don't actually turn
guns into machine
guns.
After the Las Vegas shooting, which left 58 people dead last October, there appeared to be bipartisan agreement to take some kind
of narrow legislative action to ban bump
stocks, an accessory that can effectively turn a semiautomatic rifle into a machine
gun.
But the failure to act on the instant background check and bump -
stock bills underscored that even on the most modest
of gun measures, Congress is simply incapable
of a response.
«To that end, the Department
of Justice has submitted to the Office
of Management and Budget a notice
of a proposed regulation to clarify that the National Firearms and
Gun Control Act defines «machine
gun'to include bump
stock type devices.»
«Mr. Obama is the best
gun salesman on the planet,» the chairman
of Navellier Associates told CNBC's «Squawk Box,» adding that he has not gotten any pushback from investors concerned about profiting from
gun stocks.
Meanwhile, President Trump — who was in favor
of an assault weapons ban and longer waiting periods before his National Rifle Association - supported presidential campaign — ordered the Justice Department to issue regulations banning the bump
stocks used to convert semi-automatic
guns into automatic weapons.
They were also
gun - shy
of stocks after 50 percent losses in the financial crisis.
Sen. Bill Galvano, a Republican and the incoming Florida senate president, said the state Senate was preparing a package that would include raising the age to purchase any firearm to 21, creating a waiting period for purchasing any type
of firearm, banning bump
stocks that can enable semi-automatic
guns to spray bullets quickly and creating
gun - violence restraining orders.
WASHINGTON — President Trump — under pressure from angry, grieving students from a Florida high school where a gunman killed 17 people last week — ordered the Justice Department on Tuesday to issue regulations banning so - called bump
stocks, which convert semiautomatic
guns into automatic weapons like those used last year in the massacre
of concertgoers in Las Vegas.
Want
guns out
of your
stock portfolio?
The law imposes new restrictions on firearm purchases and the possession
of «bump
stocks,» funds more school police officers and mental health services, broadens law enforcement's power to seize weapons, and allows certain staff members to carry
guns in schools.
Goldman, Citi and the rest
of the gentlemanly, altruistic global banks invented yet another disgraceful product at or around the peak
of the
stock market a couple
of years back and they aimed it, not unlike a loaded
gun, squarely at the foreheads
of wealthy Chinese businessmen.
Law enforcement officials confirmed on Tuesday that 12
of the rifles in Paddock's hotel room were outfitted with a device called a «bump
stock,» which enables semi-automatic weapons to shoot rapid fire, like a machine
gun.
Dick's said it is also calling on elected officials to enact «common sense
gun reform,» such as an assault - style firearms ban, a minimum purchase age
of 21, and a ban on high - capacity magazines and bump
stocks.
Renewed calls for
gun control haven't had the effect
of boosting
gun stock prices.
Still, the leading manufacturer
of bump
stocks, which allow a semi-automatic long
gun to mimic the firepower
of a fully automatic weapon, is going out
of business.
The federal Bureau
of Alcohol, Tobacco, Firearms and Explosives has ruled that bump
stocks do not violate laws that tightly limit ownership
of machine
guns, and some lawmakers have called for them to be banned.
The bump
stock — a previously obscure
gun accessory that became infamous last year when a shooter in Las Vegas used one to speed up his lethal rate
of fire at helpless concertgoers — is on its way to being banned in Maryland.
On Capitol Hill, support appeared to grow for a ban on the bump
stock devices, either through regulation or legislation, as Republicans — who for decades have rejected any form
of gun restrictions — began increasingly to speak out.
Active managers for U.S.
stock - market portfolios, who have struggled amid a decade - long exodus from their funds, are
gunning for something
of a detente with their increasingly dominant passive - investing rivals, putting out a new message for investors: it isn't us or them, it's us and them.
By implementing this
gun - free screen, ESML will avoid exposure to the three largest and best - known public civilian firearms manufacturers — Sturm, Ruger & Co., American Outdoor Brands Corp and Vista Outdoor Inc. — all
of which are small - cap
stocks.
Gun buffs once more fired off a round
of dour warnings against hasty action, while newspaper editors resurrected their
stock columns calling for
gun control.
The
gun's receiver and bolt have scrolled engraving, and the
stock and forearm,
of American walnut, have checkering with an unusual fleur - de-lis pattern.
His comments come the same day Assembly Democrats approved package
of gun control measures, including an extreme risk protection order measure, banning bump
stock possession and a strengthening background checks.
Examples
of this include
gun control laws, SEC /
stock market regulation, environmental regulations, laws against smoking, drinking, behavior, etc..
New York's Democratic lawmakers and
gun - control advocates have won an important new ally in their effort to push a legislative ban
of bump
stocks, which turn semi-automatic rifles into virtual machine
guns: Acting ATF Director Thomas Brandon.
Trump told governors gathered in D.C. that he would take action to ban the sale
of bump
stocks without Congress, and said it's «OK» to push back against the NRA «every once as a while,» as the powerful
gun lobbying group fights calls to enact stricter
gun control laws after the shooting.
President Trump — under pressure from angry, grieving students from a Florida high school where a gunman killed 17 people last week — ordered the Justice Department to issue regulations banning so - called bump
stocks, which convert semiautomatic
guns into automatic weapons like those used last year in the massacre
of concertgoers in Las Vegas.
But Republicans in the state Senate are skeptical
of bans on devices like ban
stocks and similar
gun control legislation that say is a step too far.
Republican Lt. Gov. Karyn Polito
of Massachusetts signed a bill Friday, approved one day earlier by the state's Democrat - led Legislature, outlawing so - called bump
stocks, accessories that allow semi-automatic firearms to mimic the rapid firing action
of machine
guns.