Did Michael Simpson buy First Trust DJ Internet Index Fund stock?

Common questions

Did Michael Simpson buy First Trust DJ Internet Index Fund stock?

Yes. Michael Simpson disclosed 3 purchases and 1 sale of First Trust DJ Internet Index Fund (FDN) stock between Jan 8, 2015 and May 10, 2021, in STOCK Act reports. Added together, the disclosed purchases come to $3K-$45K and the disclosed sales to $15K-$50K.

How big were Michael Simpson's First Trust DJ Internet Index Fund trades?

STOCK Act reports give a range for each trade, such as $15K-$50K, never an exact amount. Added together, the disclosed purchases come to $3K-$45K and the disclosed sales to $15K-$50K.

Did Michael Simpson make these First Trust DJ Internet Index Fund trades personally?

Not always. The STOCK Act requires members to report trades by themselves, a spouse and dependent children. The owner column of each linked filing says whose trade it was.

Does Michael Simpson still own First Trust DJ Internet Index Fund stock?

This page lists reported trades, not holdings. A purchase can have been sold since, and the filings shown do not say what is held today.

When did Michael Simpson report these trades?

The latest filing is dated May 19, 2021. The STOCK Act gives members of Congress 45 days to report a trade, so a filing can trail the trade by weeks. Every row shows both dates.

Where does this data come from?

From periodic transaction reports filed under the STOCK Act with the Clerk of the House. Every trade links to the original filing.