Nancy Pelosi, a prominent Democrat known for her investment prowess, recently made a series of strategic trades just before the July 4th holiday in the US. These transactions included purchasing Broadcom call options and 10,000 shares of NVIDIA stock, as well as reducing her stake in Visa by 2,000 shares and selling 2,500 shares of Tesla stock. Pelosi also holds a long position in 500 NVIDIA (LEAPS) call options with a strike price of $12.
It is worth noting that Pelosi has had a long-standing investment in Visa since its IPO, but has been gradually decreasing her involvement in the company. Due to the high level of interest in monitoring Congressional activities, Tuttle Capital has applied to the SEC to launch the Tuttle Capital Congressional Trading ETF. This ETF will primarily invest in companies in which members of Congress or their spouses have disclosed investments under the STOCK Act. The ETF is set to launch in August 2024 and will utilize a passive investment strategy based on the tenure and committee memberships of Congress members, as well as their track record of generating alpha. It will then adjust its portfolio based on Congress members’ reported trades.
These transactions by Nancy Pelosi have generated significant attention on social media platform X, with many users closely scrutinizing the timing and implications of her trades. While Pelosi’s investment decisions are not considered investment advice, her actions are closely watched by market observers due to her political influence and perceived investment acumen.
In conclusion, Nancy Pelosi’s recent trades have sparked interest and speculation among investors and market participants. The upcoming launch of the Tuttle Capital Congressional Trading ETF further highlights the intersection of politics and finance, as investors look to capitalize on insights into Congressional activities. It will be interesting to see how Pelosi’s trades and future investment decisions impact the market and investor sentiment in the coming months.
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https://wccftech.com/nancy-pelosi-buys-broadcom-adds-nvidia-shares-partially-unloads-visa-and-dumps-tesla/amp/
