This US Rep Bought 3 Vanguard ETFs Paying Monthly Dividends, Saw Gains In Recent Trades

Congressman Kurt Schrader of Oregon was last covered by Benzinga for his trades on Ameren Corporation AEE and SLB SLB, which were made on Oct. 13 and Oct. 26, respectively. Since those trades were made, Ameren has shown returns of roughly 15.6%, while SLB is down roughly 9.7%.

Furthermore, SLB has been declining ever since it hit its 52-week high of $56.04 per share, which would have resulted in positive returns of 7.8% if actualized.

Schrader, a Democrat, has made over 450 trades in the past three years. His most trade was Nuveen ESG Large-Cap ETF NULC, which he recently sold between $15,000 to $50,000 in shares on Nov. 8, per Capitol Trades.

See Also: This Congressman Is Up Over 28% On AMD Stock Buy, Also Sees Gains On These 2 Dividend Payers

Besides selling shares of this exchange-traded fund (ETF), Schrader purchased shares in three monthly dividend-paying Vanguard ETFs.

Continue reading to learn more about these trades and ETFs.

• Vanguard Total International Bond ETF BNDX is offering a dividend yield of 4.31% or $2.12 per share annually, using monthly payments, with a track record of increasing its dividends once in the past year. The Vanguard Total International Bond ETF holds more than 4,500 bonds from both developed and emerging non-U.S. markets, with an average effective maturity of 8.9 years. This ETF is passively managed, using index sampling and employs hedging strategies that seek to mitigate uncertainty in exchange rates. Schrader purchased a range of between $1,000 to $15,000 in shares of Vanguard Total International Bond ETF for $47.68 per share, traded on Nov. 8 in an undisclosed filing, reported Capitol Trades.
• Vanguard Intermediate-Term Bond ETF BIV is offering a dividend yield of 3.61% or $2.73 per share annually, through monthly payments, with a track record of increasing its dividends once in the past year. The Vanguard Intermediate-Term Bond ETF invests in U.S. government high-quality investment grade corporate and investment grade international dollar-denominated bonds, with an average effective maturity of 7.2 years. Congressman Schrader purchased a range of between $1,000 to $15,000 in shares of Vanguard Intermediate-Term Bond ETF for $72.49 per share, traded on Nov. 8 in an undisclosed filing, reported Capitol Trades.
• Vanguard Mortgage-Backed Securities ETF VMBS is offering a dividend yield of 2.19% or $1.01 per share annually, making monthly payments, with an inconsistent track record of increasing its dividends. The Vanguard Mortgage-Backed Securities ETF invests primarily in U.S. agency mortgage-backed pass-through securities issued by Ginnie Mae, Fannie Mae, and Freddie Mac, with a dollar-weighted average maturity of three to 10 years. Schrader purchased a range of between $1,000 to $15,000 in shares of Vanguard Mortgage-Backed Securities ETF for $44.18 per share, traded on Nov. 8 in an undisclosed filing, reported Capitol Trades.

As of Sept. 29, 72 congress members violated the federal STOCK Act, which was formed to prevent insider trading. Although lawmakers like Sen. Elizabeth Warren (D-MA) and Sen. Steve Daines (R-MT) want to go a step further and ban members of Congress and their spouses from owning or trading individual stocks.