Tuttle Capital’s latest ETF aims to copy Congress’ stock picks
Tuttle Capital is using U.S. lawmakers’ mandatory stock disclosure filings to back the strategy of its newly proposed ETF.
Exchange-traded fund (ETF) issuer Tuttle Capital has filed a new ETF that aims to track and invest in stocks held by members of the United States Congress or their spouses.
The “Tuttle Capital Congressional Trading ETF” is proposed as an actively managed ETF investing in Congressional member stock picks as reported in mandatory public disclosure filings, according to a June 11 regulatory filing.
The filings are made under the Stop Trading on Congressional Knowledge (STOCK) Act — enacted in 2012 to prevent U.S. lawmakers from using inside information from their positions for personal benefit.
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Author: Felix Ng
