Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
In a recent congressional trade report, Mike Kelly, a member of the US Congress representing Pennsylvania's 16th congressional district, has reported significant transactions in government securities. The trades were executed through the Victoria Kelly Trust ICA, an investment vehicle owned by Kelly.
According to InvestingPro data, such investment strategies align with current market conditions, where stocks are showing relatively low price volatility and strong returns over both short and long-term periods.
The first transaction involved the purchase of Fairfax County VA Series A Government Securities, due on October 1, 2032. The purchase, made on January 22, 2025, was reported on February 13, 2025. The transaction was substantial, with the dollar value falling within the range of $100,001 - $250,000. For deeper insights into market trends and investment opportunities, InvestingPro subscribers can access comprehensive financial analysis tools and expert research reports covering over 1,400 US equities.
Furthermore, Kelly sold part of his holdings in two different government securities. The first sale was of the Florida State Higher Education Finance Corporation Revenue due on July 1, 2052. This partial sale took place on January 2, 2025, and was reported on February 13, 2025. The transaction was smaller in comparison to the purchase, with the dollar value falling within the $1,001 - $15,000 range.
The second sale involved the New York City Municipal Water Finance 2nd General Revenue, callable on December 15, 2025 and due on June 15, 2027. This partial sale took place on January 23, 2025 and was reported on February 13, 2025. The dollar value of this transaction ranged from $50,001 - $100,000.
These transactions highlight Kelly's active involvement in trading government securities through his trust. It remains to be seen how these trades will impact his overall investment strategy and portfolio performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.