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In a recent congressional trade report, Jefferson Shreve, a member of Congress from Indiana’s 6th district, was revealed to have made a series of significant trades. The transactions involved prominent companies in the tech and healthcare sectors, among others, with several stocks showing notable market performance according to InvestingPro data.
On February 24, 2025, Shreve purchased stocks of AbbVie Inc . (NYSE:ABBV), a well-known biopharmaceutical company currently trading near its 52-week high with a market capitalization of $385 billion. The transaction was valued between $50,001 and $100,000. According to InvestingPro analysis, ABBV has maintained dividend payments for 13 consecutive years and shows a strong financial health score, though current metrics suggest the stock is trading above its Fair Value. On the same day, he also acquired stocks of Adobe Inc. (NASDAQ:ADBE), Air Products and Chemicals, Inc. (NYSE:APD), Amgen Inc . (NASDAQ:AMGN), Applovin Corporation (APP), and Arch Capital Group Ltd. (NASDAQ:ACGL), with each transaction valued between $15,001 and $50,000.
Shreve also made significant sales on February 24. He sold stocks of Akamai Technologies, Inc. (NASDAQ:AKAM) and Albemarle Corporation (NYSE:ALB), with each sale valued between $15,001 and $50,000. Additionally, he sold part of his holdings in BlackRock, Inc. (NYSE:BLK) and the Boeing Company (NYSE:BA), with each transaction valued between $50,001 and $100,000.
All the transactions were part of a portfolio rebalance within Shreve’s CRT - Standard Unit Trust. This type of trust is commonly used by individuals for estate planning purposes, providing a way to transfer wealth to beneficiaries while reducing the estate tax liability.
The transactions reflect a broad range of investments across various sectors, including technology, healthcare, and chemical manufacturing. It is worth noting that these transactions do not necessarily reflect Shreve’s personal views on these companies or sectors, but are part of a broader investment strategy. For investors seeking deeper insights into these companies, InvestingPro offers comprehensive research reports covering over 1,400 US stocks, including detailed financial analysis and expert recommendations.
As a member of Congress, Shreve is required to report his trades to ensure transparency and prevent potential conflicts of interest. The STOCK Act, passed in 2012, mandates that members of Congress and their staff are not exempt from the insider trading prohibitions that apply to everyone else.
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