Unusual Whales Subversive Republican Trading ETF (KRUZ): Following Market Insiders without Violating the Law

ETF’s universe becomes not only immense, but also very creative at times. Today it’s possible to obtain exposure to almost anything imaginable via ETFs. The latest addition to this family is following own investment preferences by some Congressmen.

Series Portfolios Trust - Unusual Whales Subversive Republican Trading ETF is an exchange-traded fund managed by Subversive Capital Advisor and Toroso Investments. It was launched by Series Portfolios Trust and operates exclusively in the U.S. What sets this ETF forward is its focus on companies in which sitting Republican members of the United States Congress, or their families, have reported investments. This information is obtained through public disclosure filings made by the Congresspersons under the STOCK Act.

This Act requires members of Congress to disclose all trades of stocks, bonds, commodities futures and other securities exceeding $1,000. Disclosure forms are due within the shorter of 45 days of the transaction date or 30 days of the notification date when they learn about the trade, presumably from their investment managers.

What would constitute an appeal to follow the U.S. congressional leaders in their investment picks, and isn’t it plainly weird from what it sounds?

In the course of performing their duties, senators and representatives are enabled access to nonpublic information about regulatory actions, foreign affairs and more that could affect a company’s stock price. Also, members of Congress may be delegated to various committees that give them particular insights into certain areas, like banking, health care and the U.S. armed forces’ needs. So they have the ability to influence and vote on market-moving legislation.

The fund invests in a variety of sectors and targets both growth and value stocks across different market capitalizations. Formed on February 7, 2023, the ETF seeks to provide investors with exposure to companies associated with Republican members of Congress while pursuing capital growth. The Fund requires an expense ratio of 0.75% having AUM to the tune of $5.21 million.

Currently this ETF’s leading sectors are Technology occupying a share of 20.22% and Industrials with 15.5% share.