In recent investment activity, Congressman Donald Sternoff Beyer Jr, representing Virginia's 8th congressional district, has made significant purchases in both Oregon and Virginia State Housing Developments. These moves come as municipal bond yields have reached attractive levels, according to data tracked by InvestingPro.
The congressman made three separate purchases, each valued between $15,001 and $50,000. These transactions were made in November 2024 and reported in December of the same year. Want to track congressional trading patterns and gain deeper insights? InvestingPro offers comprehensive tools for monitoring institutional investment flows and market trends.
The first purchase was made in Oregon State Housing & Community, with a variable rate set for January 10, 2048. This transaction saw the congressman acquire 35,000 shares.
The subsequent purchases were made in Virginia State Housing Development. The first of these, with a rate of 3.4%, is set for July 1, 2029, and the congressman acquired 40,000 shares. The second purchase, with a rate of 3.5%, is set for July 1, 2030, and also saw an acquisition of 40,000 shares.
All three investments were made through the congressman's Stocks, Bonds, & Mutual Funds account, which is jointly owned.
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