In a recent financial disclosure filed on July 2, 2025, Dave McCormick, a Republican politician from Pennsylvania, reported a series of trades primarily involving municipal bonds. The trades, all conducted in June 2025, reflect a strategic focus on fixed-income securities with varying maturities and coupon rates.

On June 23, McCormick made substantial investments in municipal bonds, purchasing between $100,001 and $250,000 worth of Philadelphia, PA Authority for Industrial Development City bonds and between $250,001 and $500,000 in Hatboro Horsham, PA School District General Obligation (GO) bonds, both carrying a 5% coupon rate and maturing in 2036 and 2043, respectively.

Earlier in June, on the 16th, he sold between $15,001 and $50,000 of Pennsylvania State GO bonds, which were nearing maturity in September 2025. This sale may indicate an opportunity to reallocate funds into longer-term investments.

Additional purchases in June included bonds from Philadelphia, PA GO, Delaware County, PA Authority College Revenue, and Upper Merion, PA Area School District GO, all with a 5% coupon rate and maturing between 2025 and 2031. Smaller investments, ranging from $1,001 to $15,000, were made in bonds from East Penn, PA School District GO, University of Pittsburgh of the Commonwealth Revenue, Hanover Boro, PA GO, and PA State Higher Educational Facilities Authority Revenue, with varying maturity dates and coupon rates of 4% and 5%.

Notably, on June 2, McCormick made a significant purchase of Pittsburgh, PA GO bonds, investing between $250,001 and $500,000, which mature in 2040 with a 5% coupon rate. This indicates a strong long-term commitment to municipal bonds as part of his investment strategy.

Overall, McCormick's trades demonstrate a preference for municipal bonds with stable returns, focusing on both short-term and long-term maturities, which may reflect a conservative investment approach aimed at balancing risk and return in a volatile market environment.