In a recent congressional trade report, Eleanor Holmes Norton, the representative for Washington D.C.'s at-large congressional district, has made a series of sales in government securities. The transactions were carried out through her investment vehicle, Merrill Lynch #806.
Norton sold three different assets, all classified as government securities. The first of these was the DC GO BOND 4.0% JUN01 2036, sold for an amount ranging between $50,001 and $100,000. The second asset sold was the District of Columbia Wtr & Swr Ser C 5%Oct01 2039, and the third was the VA St Res Auth Infrastructure 8/14/2019 3 Pct 11/01/2036, both for a value falling in the range of $15,001 to $50,000.
These transactions were executed on May 13, 2024, with the notification date being May 20, 2024. The filing state for all these transactions is listed as new.
The transactions highlight a shift in Norton's portfolio, which is managed through her Merrill Lynch #806 account. The nature of these sales suggests a possible strategy shift or rebalancing of her investment portfolio. Still, without additional context or information, the exact reason behind these sales remains speculative.
Investors and market watchers often pay close attention to the financial activities of congress members, as their actions could potentially hint at broader market trends or policy shifts. However, it is important to note that these transactions do not necessarily reflect the congressperson's view on the market or specific sectors.
The sales were disclosed in compliance with the STOCK Act, which mandates federal officials to report their transactions to maintain transparency and prevent any potential conflicts of interest.
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