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, purchased between $15,000 and $50,000 in shares of the NANC ETF, which tracks the stock trades of Democratic lawmakers. The disclosure, filed with the US Office of Government Ethics and first reported by NOTUS, also shows Allende bought standard index funds the same day. The ETF's co-portfolio manager, Dan Weiskopf, called the purchase a 'validation' of the fund's concept. A DHS spokesperson stated the transaction was reviewed and cleared by ethics officials. The purchase is notable because Allende is a longtime Republican official investing in a fund that mirrors opposition party trading patterns. The NANC ETF is heavily weighted toward technology stocks like Nvidia, Google, and Microsoft.
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