Congressman Mark Green, representing Tennessee’s 7th congressional district, has made a significant investment in NGL Energy Partners LP (NYSE:). The transaction, a purchase of common units representing limited partner interests, was carried out through an Equitable Retirement Account.
The transaction took place on July 1, 2024, with a notification date of July 8, 2024. The dollar value of the trade falls within the range of $50,001 to $100,000. This substantial investment demonstrates Congressman Green’s confidence in NGL Energy Partners LP, a diversified midstream energy company.
The Equitable Retirement Account used for this transaction is a type of investment vehicle designed to provide individuals with a means to save for retirement. The account allows for tax-deferred growth of investments, which can result in significant long-term benefits for the investor.