The Church of Jesus Christ of Latter-day Saints (known to everyday people How the Mormons wiped out the GameStop stock boom earlier this year, new SEC filings reveal. The C.hurch saw over 900% gain in stocks held through its secret investment arm Ensign Peak Advisors.
How Business Insider Ensign Peak Advisors reportedly bought 46,000 shares of GameStop in late 2020 fidget Game dealer’s share price rose and fell wildly thanks to the collective bizarre of the internet. Ensign The total investment increased in value by $ 867,000 to $ 8,732,000 through this time. Ensign also invests in Tech stock like Tesla, Microsoft, Apple and Amazon. It also has some stock in it Entertainment company like Dave & Buster’s, Six Flags and the WWE.
Ensign Peak Advisors is an investment manager for the Mormon Church that operates the Wall Street Journal Reports totaled $ 100 billion in early 2020 while business was maintained privately from business partners and Church members. According to WSJthe fund receives part of its money through excess tithes or donations to the C.hurch, a fact that is currently part of it a legal action
GameStop brought us some adorable memes, the absurd names by redditors to be explained to the Congress and a Pet food tycoon Take the reins to try and revive the Funko Pop dealer. Now we have the Mormons with us too. Who knows what’s next
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