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Those aren't stock owners, those are etfs and mutual funds. Literally, Vanguard, BlackRock, StateStreet, etc.
by kurthr 2y ago
Those aren't stock owners, those are etfs and mutual funds.
Literally, Vanguard, BlackRock, StateStreet, etc.
- mattmaroon 2y agoThe ETFs actually do own the underlying securities and vote the shares. They typically have a mechanism for ETF owners to vote internally on how to vote externally, but the vast majority of ETF owners ignore it so whatever the ETF recommends (which is often from a third party) almost always is what happens.