Michael K. Simpson bought First Trust NYSE Arca Biotechnology ETF (TO: FBT)
Michael K. Simpson (R-ID), a U.S. Representative, has disclosed 3 trades in First Trust NYSE Arca Biotechnology ETF (FBT) since 2015, 2 purchases and 1 sale, worth an estimated $49K in disclosed volume (the midpoint of the dollar ranges members report, not exact amounts).
The trade highlighted here is a purchase: Michael K. Simpson bought $1,001 - $15,000 of First Trust NYSE Arca Biotechnology ETF (TO: FBT) on September 21, 2015. Since that trade, FBT is up +124.03% against the S&P 500 up +341.91%, an outperformance of -217.89%.
Across these filings, Michael K. Simpson has been a net buyer of FBT (a buy-to-sell ratio of 2.00). The most recent disclosed FBT transaction shown was dated February 2, 2016. Each row in the table below links to that trade and its post-trade performance versus the market.
Data updated
Michael K. Simpson's FBT trades vs the price
FBT is up +124.03% since Michael K. Simpson bought on September 21, 2015, versus +341.91% for the S&P 500.
Performance since this trade
All Michael K. Simpson FBT trades
Michael K. Simpson & FBT trading FAQ
Is it legal for Michael K. Simpson to trade First Trust NYSE Arca Biotechnology ETF (FBT) stock?
Yes. Members of Congress are allowed to trade individual stocks, including First Trust NYSE Arca Biotechnology ETF (FBT), but the STOCK Act of 2012 requires them to publicly disclose each transaction within 45 days. Quantellect tracks those disclosures; this page does not imply the trade was improper.
When did Michael K. Simpson buy FBT?
Michael K. Simpson disclosed a purchase of $1,001 - $15,000 of First Trust NYSE Arca Biotechnology ETF (FBT) on September 21, 2015, according to public STOCK Act filings.
How has FBT performed since Michael K. Simpson's trade?
Since Michael K. Simpson bought FBT on September 21, 2015, the stock is up +124.03%, versus +341.91% for the S&P 500 over the same period, an outperformance of -217.89%.
How many times has Michael K. Simpson traded FBT?
Michael K. Simpson has disclosed 3 FBT trades since 2015 (2 purchases and 1 sale). Every disclosed trade is listed on this page.
How soon must members of Congress disclose a trade?
Under the STOCK Act, members of Congress must publicly report a covered transaction within 45 days of the trade. Filings can still be delayed, amended, or contain errors.
Where can I see all congressional FBT trades?
Quantellect tracks every disclosed congressional trade in First Trust NYSE Arca Biotechnology ETF (FBT) on the First Trust NYSE Arca Biotechnology ETF congressional trading page, which aggregates filings across all members of Congress.
Michael K. Simpson's FBT tradesAll congressional filings for First Trust NYSE Arca Biotechnology ETFMichael K. Simpson's full profile
Not investment advice. Congressional trading data is sourced from public STOCK Act disclosures, which are filed with a delay and may contain errors or be revised. Estimated prices and post-trade returns are derived algorithmically from public filings and end-of-day market data and describe historical activity, not a recommendation. Always do your own research and consult a licensed financial advisor before making investment decisions.