Recent Filing Shows That Sen. Markwayne Mullin Bought Over $233K Worth of LPL Finl Hldgs Stock

February 28, 2025 records indicate that Senator Markwayne Mullin filed a purchase of LPL Finl Hldgs LPLA, valued between $233,016 and $670,000. According to the February filing, the transaction occurred on February 28, 2025.

Currently, LPL Finl Hldgs shares are trading down 0.0% at $371.74.

What Senator Has Been Trading Recently

Over the previous three years, Markwayne Mullin conducted 298 trades, totaling more than $7.23 million. The largest of these were in Russell 1000 Ishares ETF and Invesco Actively Managed Exchange-Traded Fund Trus Invesco High Yield Select ETF stock. Some of the most notable transactions the Sen. has executed recently include:

• Materials ETF Vanguard VAW: $100,001 - $250,000 Sale
• LPL Finl Hldgs LPLA: $50,001 - $100,000 Purchase
• Accenture ACN: $50,001 - $100,000 Purchase

Here's a summary of Markwayne Mullin's most recent trades:

To keep an eye on Markwayne Mullin's trades and other government stock activity, check out our real-time tracking tool!

The Importance of Congressional Transactions

A congressional transaction is when any representative or senator either buys or sells an individual stock.

Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.

In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.

The Importance of Congressional Transactions

Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.

When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.

A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.

This article was generated by Benzinga's automated content engine and reviewed by an editor.