Nintendo Stocks Rise After Filing Shows BlackRock As a 5% Shareholder

Nintendo’s shares rose as much as 2 percent on Thursday after a regulatory filing showed BlackRock, the world’s largest asset manager, owns over five percent of stock in the Japanese games maker.

The filing on Wednesday displayed BlackRock as a 5.17 percent stake in Nintendo, subsequently raising Nintendo’s share prices by around 2 percent.

BlackRock manage 5.1 trillion USD under their portfolio as of 2016 and boast a whopping US$375,40 stock price.

“BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager”