Blackrock board member buys $508k in shares
William E Ford, a member of the board of directors at Blackrock Inc. (BLK), bought 1,000 shares of the company’s common stock on July 18. At $507.98 per share, Ford paid a total of $507,983 for the new shares.
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About BlackRock Inc.
BlackRock is the largest asset manager in the world, with $6.515 trillion in AUM at the end of March 2019. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 12% in fixed income, 8% in multi-asset class, 7% in money market funds, and 2% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for just over 80% of total AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the United States and Canada.