In a recent financial disclosure filed on March 21, 2025, Congressman Bill Keating, a Democrat representing Massachusetts' 9th district, reported several trades involving corporate securities and stocks.
On March 6, 2025, Rep. Keating made two purchases of callable corporate securities. He invested between $1,001 and $15,000 in Bank of America Corp's Series N Medium Term Notes, which carry an interest rate of 6.204% and mature on November 10, 2028. On the same day, he also bought a similar amount in JPMorgan Chase & Co's Note, which offers a 5.299% interest rate and matures on July 24, 2029. These investments indicate a strategic interest in fixed-income securities with relatively high yields and callable features, suggesting an expectation of stable or rising interest rates.
Additionally, on March 3, 2025, Keating sold shares of BJ's Wholesale Club Holdings, Inc., disposing of stock valued between $1,001 and $15,000. This sale could reflect a reallocation of assets or a response to market conditions affecting the retail sector.
Earlier, on February 28, 2025, Keating made a more substantial purchase, investing between $15,001 and $50,000 in Goldman Sachs Group Inc's Note, which offers a 5.798% interest rate and matures on August 10, 2026. This transaction suggests a continued focus on relatively short to medium-term fixed-income investments with callable options, possibly to hedge against market volatility or to capitalize on anticipated interest rate trends.
Overall, Rep. Keating's recent trading activity reflects a strategic approach to managing his financial portfolio, focusing on callable corporate bonds with attractive yields and adjusting his equity holdings in the retail sector.
Transaction Date | Type | Symbol | Amount | Notes |
---|---|---|---|---|
Mar 6, 2025 | Buy | $1,001 - $15,000 | BANK AMERICA CORP SER N MTN 6.20400% 11/10/2028 CALL MAKE WHOLE [CS] | |
Mar 6, 2025 | Buy | $1,001 - $15,000 | JPMORGAN CHASE &CO NOTE CALL MAKE WHOLE 5.29900% 07/24/2029 [CS] | |
Mar 3, 2025 | Sell | $1,001 - $15,000 | BJ's Wholesale Club Holdings, Inc. Common Stock (BJ) [ST] | |
Feb 28, 2025 | Buy | $15,001 - $50,000 | GOLDMAN SACHS GROUP INC NOTE 5.79800% 08/10/2026 CALL MAKE WHOLE [CS] |