Sturm, Ruger & Co., a gun maker whose institutional shareholders include BlackRock and Vanguard Group, will host its annual meeting next week at which it...
Sturm, Ruger & Co., a gun maker whose institutional shareholders include BlackRock and Vanguard Group, will host its annual meeting next week at which it faces a shareholder proposal to require a “human rights impact assessment.”
This week some Sturm Ruger shareholders reiterated their call for fellow investors to support the proposal “as our nation once again tries to process the unimaginable — a massacre at an elementary school” where 19 children, many under the age of 10, and two adults were gunned down by an 18-year old man, the Interfaith Center on Corporate Responsibility announced May 25. That was the day after the mass shooting at the elementary school in Uvalde, Texas.
The iShares Core S&P Small Cap ETF IJR , the iShares Russell 2000 ETF IWM and iShares U.S. Aerospace & Defense ETF ITA held shares of Sturm Ruger as recently as May 26, BlackRock’s website shows. Fund data on Vanguard’s website show the Vanguard Total Stock Market ETF VTI and the Vanguard Small-Cap Value ETF VBR each owned the gun maker’s stock at the end of April.
Sturm Ruger chief executive officer Christopher Killoy could not be reached by phone and did not respond to an email Friday seeking additional comment on the gun maker’s position on the proposal. Sturm Ruger’s annual stockholder meeting will be held virtually on June 1. Shares of the company RGR slipped a bit more than 0.1% Friday and gained about 5.1% for the week, FactSet data show.
Shares of Smith & Wesson SWBI rose 0.5% Friday, bringing their weekly gain to 8.6%, FactSet data show.
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