XpresSpa Group Inc (XSPA)

[postyle]

As I posted back in February:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96778577

After buying Barclays' assets three or so years ago now, Blackrock is now the largest asset manager in the world. It goes without saying that Blackrock is a major passive institutional investor. They own iShares, which includes several large Russell 2000 variations -- and other indices -- all of which VRNG is now a part of. Although Blackrock is historically considered an active asset manager, the Barclays assets are major passive index-tracking vehicles.

As I have stated for the umpteenth time -- when we occasionally see these large filings from investment managers like Blackrock, Vanguard, etc. -- what is being reported is related mainly to passive asset management and this time is no different. This is not some big news, especially considering Blackrock has already been reporting a big ownership stake of VRNG in previous filings (because they have so many vehicles that own VRNG as part of underlying index holdings). As Sab reported, Blackrock has recently changed how they are reporting and has recently made several (translated: MANY) increased 13D/G filings across many different equities. Someone needs to cancel the "Blackrock is buying VRNG parade" because there isn't anything to celebrate that we didn't already know about when VRNG became included in the Russell indicies last year.