Top Trump official invests over $15,000 in ETF that tracks Democratic lawmaker trading

Pedro Allende, the Under Secretary for Science and Technology at the Department of Homeland Security under President Trump, invested between $15,000 and $50,000 in the NANC exchange-traded fund (ETF), which mirrors the stock trades of Democratic lawmakers. The disclosure, first noticed by NOTUS, appears to be the first such trade by a top government official. Allende, a longtime Republican official, also purchased standard index funds on the same day. The fund's co-portfolio manager called it a validation of their product. A DHS spokesperson stated the transaction was reviewed and cleared by ethics officials. The NANC ETF is heavily focused on technology stocks like Nvidia, Google, and Microsoft.

First published Aug 4, 02:04 PM UTCUpdated Jul 23, 01:12 PM UTC1 reports · 1 sources

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Top Trump official invests over $15,000 in ETF that tracks Democratic lawmaker trading

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Top Trump official invests over $15,000 in ETF that tracks Democratic lawmaker tradingYahoo FinanceWesternJul 23, 01:12 PM UTC

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Donald Trump Department of Homeland Security Trump administration