Nancy Pelosi Among 'Best Of The Best' In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds
Portfolio Pulse from Chris Katje
Matthew Tuttle has filed for a new ETF, the Tuttle Capital Congressional Trading ETF (NYSE:NPEL), which will track the trading activity of members of Congress. This ETF will be actively managed and is set to launch in August 2024. It will focus on equities bought by Congress members and their spouses, differentiating itself by holding around 50 equities and considering the historical performance and committee assignments of Congress members. This new ETF joins existing ones like NANC and KRUZ, which track trading activity by political party.
June 12, 2024 | 7:20 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) is used as a benchmark for comparing the performance of Congress trading ETFs. It has shown a 1-year return of +25.1% and YTD return of +14.2%.
SPY is mentioned as a benchmark for performance comparison. While it provides context, it is not the primary focus of the article.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
The Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF (BATS:KRUZ) tracks the trading activity of Republican Congress members. It has shown a 1-year return of +20.3% and YTD return of +8.7%.
KRUZ is mentioned as a comparison to the new ETF, highlighting its performance. This could attract more interest in KRUZ as investors compare options.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (BATS:NANC) tracks the trading activity of Democratic Congress members. It has shown strong performance with a 1-year return of +32.9% and YTD return of +18.5%.
NANC is mentioned as a comparison to the new ETF, highlighting its strong performance. This could attract more interest in NANC as investors compare options.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Tuttle Capital Congressional Trading ETF (NYSE:NPEL) will track the trading activity of Congress members and their spouses, focusing on equities bought by them. The ETF is set to launch in August 2024 and will hold around 50 equities.
The ETF is directly mentioned and is the primary focus of the article. Its unique approach to tracking Congress members' trading activity and the planned launch date are key points.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100