Ahead of a U.S. Senate hearing Tuesday on the excessive voting power in the hands of index fund managers, a larger number of Blackrock investors have decided to take the voting power into their own hands. Based out of New York, Blackrock, Inc. (NYSE: BLK) is a global investment management firm with about $10 trillion in assets under management. Blackrock is by far the largest investment manager in the U.S., offering services to clients across 100 countries. Shares of Blackrock closed down 3.1% at $598.72 on June 13. However, BLK stock has lost 33.4% so far this year.
https://www.tipranks.com/news/blackrock-investors-usurp-voting-power-in-their-hands?utm_source=advfn.com&utm_medium=referral
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