Which Trades Did Senator John Boozman Make in September?
After reporting no trades for August, Senator John Boozman disclosed that he made several trades at the end of September. This is noteworthy considering that the end of a quarter is usually a busy time for money managers, as well as retail and institutional investors, as they seek to rebalance their portfolios before the new quarter kicks in.
Mr. Boozman, the senior United States senator from Arkansas, sold shares of Intel on September 29 when INTC stock closed at $26.38. The chipmaker’s struggles have continued in September as new CEO Pat Gelsinger attempts to stage a much-anticipated reacceleration in revenue growth.
Elsewhere, the Senator sold Schwab U.S. TIPS ETF (SCHP: US), a U.S. Treasury Inflation-Protected Securities (TIPS) fund. Moreover, he was selling Goldman Sachs Access Treasury 0-1 Year ETF (GBIL: US) tracks an index of U.S. Treasury securities maturing within the next 12 months, as well as Goldman Sachs Access Investment Grade Corp Bd ETF (GIGB: US).
Senator Boozman’s only purchases were the iShares 1-3 Year Treasury Bond ETF (SHY: US) and iShares 7-10 Year Treasury Bond ETF (IEF: US). All his trades in September fell under the $1,000 - $15,000 value size bracket.
Mr. Boozman usually trades ETFs and bonds, while he rarely trades single stocks. His favorite stocks for trading are IT, Industrials, and Communication Services. Republican representative is an active Senate member as he sits on the four committees - Agriculture, Nutrition & Forestry; Appropriations; Environment & Public Works; and Veteran's Affairs.
