N.J. pension sells stake in gun manufacturer Vista Outdoor
Vista Outdoor, based in Farmington, Utah, produces semi-automatic rifles under the Savage MSR product line.
Besides the New Jersey pension fund, educators in Florida have called for their retirement system to divest gun holdings. (Photo: Bloomberg)
(Bloomberg) –New Jersey’s pension fund has sold its stake in Vista Outdoor Inc., a manufacturer of semi-automatic rifles, as lawmakers around the U.S. consider banning such investments.
The state’s investment division sold shares worth $1.9 million on March 20, according to Jennifer Sciortino, a spokeswoman for the treasurer’s office.
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