Ohio's 7th congressional district representative, Max Miller, has partially sold his stake in New Water Capital Partners (WA:CPAP) II, LP (GLAS Funds, LP). The transaction occurred on December 19, 2024, with a reported value ranging between $1,001 and $15,000. Investors tracking congressional trading patterns can access comprehensive analysis tools through InvestingPro, which offers detailed insights into political trading patterns and their potential market implications.
New Water Capital Partners II is a private equity fund, as indicated by the transaction type code [HN]. The partial sale of this investment indicates a reduction in Miller's position within the fund. The transaction was conducted through a 2012 Trust, an investment vehicle under Miller's name.
The sale resulted in a cash distribution of $4,388.99, as detailed in the congressional trade report. It is important to note that the report did not specify whether this transaction led to capital gains exceeding $200.
This information is crucial for investors who track the financial activities of influential figures such as congress members. Their trades can provide insights into their financial strategies and outlooks on various companies or sectors.
The congressional trade report is a periodic document released by the Clerk of the House of Representatives. It discloses the financial transactions of congress members, providing transparency to the public about their financial activities.
It's worth noting that this report does not necessarily reflect the personal views or investment advice of the congressperson involved. Investors should conduct their own research and consider their risk tolerance before making investment decisions. For comprehensive portfolio analysis and investment decision support, InvestingPro provides advanced screening tools, real-time alerts, and expert insights to help investors make more informed choices across various asset classes.
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