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A Career Politician Who Regularly Trades The SPY, Picked Up These 3 High Yielding ETFs Instead

Published 13/12/2022, 22:35
© Reuters. A Career Politician Who Regularly Trades The SPY, Picked Up These 3 High Yielding ETFs Instead
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Benzinga - Representative Robert Wittman (R-VA) is the vice-ranking member of the House Armed Services Committee and also serves on the Committee on Natural Resources. Wittman has been serving in various levels of government for more than 30 years and has served the First Congressional District of Virginia since 2007.

The representative has made over 140 trades in the past three years and out of his various securities, Abbott Laboratories (NYSE: NYSE:ABT) and SPDR S&P 500 Trust ETF (ARCA: SPY (NYSE:SPY)), tend to be commonly traded, reported Capitol Trades. Here are three exchange-traded funds (ETFs) the congressman purchased in November.

Also Read: This Congresswoman Saw Returns Of Over 20% On An Aerospace Company; Check Out 3 Dividend Stocks She Recently Purchased

iShares MSCI EAFE Value ETF (BATS: EFV) is offering a forward dividend yield of 5.97% or $2.76 per share annually, through semiannual payments, with a track record of increasing its dividends once in the past year. ​​The iShares MSCI EAFE Value ETF seeks to track the investment results of an index composed of developed market equities, excluding the U.S. and Canada, that exhibit value characteristics. The ETF gives exposure to a broad range of companies in Europe, Australia, Asia, and the Far East that are thought to be undervalued by the market.

  • Its top three holdings are Shell (LON:RDSa) (NYSE: SHEL), Novartis (NYSE: NVS), and BHP Group (NYSE: BHP).
  • Wittman purchased a range of between $1,000 to $15,000 in shares of iShares MSCI EAFE Value ETF for $44.82 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.
iShares 10+ Year Investment Grade Corporate Bond ETF (ARCA: IGLB) is offering a dividend yield of 4.42% or $2.27 per share annually, using monthly payments, with an inconsistent track record of increasing its dividends. The iShares 10+ Year Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. Dollar-denominated investment-grade corporate bonds with remaining maturities greater than 10 years.

  • Wittman purchased a range of between $1,000 to $15,000 in shares of iShares 10 Year Investment Grade Corporate Bond ETF for $49.86 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.
  • The ETF's top three stocks are AT&T (NYSE: T), Comcast (NASDAQ: NASDAQ:CMCSA), and Verizon (NYSE:VZ) Communications (NYSE: VZ).
Invesco KBW Bank ETF (NASDAQ: KBWB) is offering a dividend yield of 3.19% or $1.65 per share annually, making quarterly payments, with a track record of increasing its dividends once in the past year. The Invesco KBW Bank ETF is based on the KBW Nasdaq Bank Index, which is a modified-market capitalization-weighted index of companies primarily engaged in U.S. banking activities. The ETF typically invests at least 90% of its total assets in the securities that comprise the Index.

  • The ETFs top three holdings are JPMorgan Chase (NYSE:JPM) & Co. (NYSE: JPM), Wells Fargo (NYSE: NYSE:WFC), and Bank of America (NYSE: NYSE:BAC).
  • Wittman purchased a range of between $1,000 to $15,000 in shares of Invesco KBW Bank ETF for $54.06 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.
Congressional Trading: Sen. Elizabeth Warren (D-MA) and Sen. Steve Daines (R-MT) want to ban members of Congress and their spouses from owning or trading individual stocks.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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