Congressman Jefferson Shreve, representing Indiana’s 6th congressional district, has made a notable investment in corporate securities, according to the latest congressional trade report.
The report reveals that Shreve bought Comcast 6.50% maturing 11/15/35 bonds (NASDAQ:CMCSA), valued between $15,001 and $50,000. The transaction took place on January 16, 2025, with the notification date being January 31, 2025. According to InvestingPro data, Comcast has maintained dividend payments for 18 consecutive years, with a current yield of 3.78%.
This investment was made through the CRT - Standard Unit Trust, as part of a monthly rebalance. The CRT - Standard Unit Trust is an investment vehicle that provides a diversified portfolio for investors, allowing them to hold a range of assets.
The purchase of Comcast bonds by Shreve is a noteworthy move considering the current market conditions. Comcast, a global media and technology company with a market capitalization of $133.6 billion, has been a stable player in the market, and investing in its bonds could be seen as a strategic move. InvestingPro analysis shows the company maintains a FAIR financial health score, with strong profitability metrics and consistent dividend growth.
As a reminder, the STOCK Act requires congress members to disclose their transactions to ensure transparency and prevent insider trading. This report is part of that disclosure process, providing the public with insights into the financial activities of their elected representatives.
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