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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

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.
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iShares 10+ Year Investment Grade Corporate Bond ETF

  • 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

  • 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:Elizabeth WarrenD-MASteve DainesR-MT

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

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