CashNews.co
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Nancy Pelosi remains one of the most followed members of Congress when it comes to the disclosure of stock and options trades.
The former House speaker disclosed the purchase of more NVIDIA Corporation (NASDAQ:NVDA) shares this week.
What Happened: Pelosi disclosed two stock trading positions during the week, with the purchase of additional Nvidia shares and the sale of a portion of Microsoft Corporation (NASDAQ:MSFT) shares owned, as reported by Benzinga’s Government Trades page.
Trending: Don’t miss out on the next NVIDIA – you can invest in the future of AI for only $10.
**This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund before investing. This and other information can be found in the Fund’s prospectus. Read them carefully before investing.
Pelosi, a Democratic congresswoman from California, disclosed buying $1 million to $5 million in Nvidia shares with the subject line stating that 10,000 shares were purchased. The trade was made on July 26. Pelosi’s disclosed trades are made by her husband Paul Pelosi, who is a venture capitalist.
The filing also disclosed selling $1 million to $5 million in Microsoft shares, with the subject line stating that 5,000 shares were sold. The trade was made on July 26, several days before the technology company reported fourth-quarter financial results.
Pelosi previously disclosed buying 10,000 Nvidia shares valued at $1 million to $5 million in early July along with the sale of Tesla Inc (NASDAQ:TSLA) shares. The congresswoman and her husband also disclosed buying 50 call options of Nvidia back in November 2023 that have risen significantly in value since the filing.
Don’t Miss:
Pelosi previously disclosed selling 25,000 Nvidia shares back in July 2022 at a loss of $341,365. As Benzinga has previously reported, holding onto the shares would have turned into millions of dollars in profits had they held onto the stake. The sale was completed after Pelosi came under public scrutiny over the timing of the trade, related to its proximity to the passage of the CHIPS Act and a trip to Taiwan.
The Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF (KRUZ) and the Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (NANC) track the trading activity of Republican and Democratic members of Congress, respectively.
A new ETF is also on the way from Tuttle Capital that will combine trades from both parties, and base holdings on the trading accuracy and performance of members of Congress and their committee assignments.
A bill to ban trading by members of Congress is currently working its way through the legislative body and could change what happens in the future.
NVDA Price Action: Nvidia shares are up 11% to $115.15 on Wednesday. Nvidia stock has risen 131% year-to-date in 2024.
Are You Missing Out On Higher Yields?
The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.
For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.
Don’t miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga’s favorite high-yield offerings.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This article Nancy Pelosi Loads Up On More Nvidia Shares, Sells Part Of Microsoft Stake Before Q4 Earnings originally appeared on Benzinga.com
#cashnews #UnitedStates #newsfinace #finance #FollowsCashnews