Scott Peters from California's 50th district invests heavily in U.S Treasury Notes

  • Stock Market News
Scott Peters from California's 50th district invests heavily in U.S Treasury Notes
Credit: © Reuters.

In a recent congressional trade report, it was revealed that Scott H. Peters, a congress member representing California's 50th congressional district, has made a significant investment in U.S Treasury Notes (NYSE:GS).

The transaction, which took place on April 3, 2024, was reported to the Clerk of the House of Representatives on April 30, 2024. The investment is reported to be in the range of $500,001 to $1,000,000, making it a notable transaction in Peters' portfolio.

The report disclosed that the transaction was a purchase, indicating a substantial addition to Peters' holdings in U.S Treasury Notes. The type of account used for this transaction was not specified in the report.

Government Securities such as U.S Treasury Notes are considered to be one of the safest investments which, while not offering high returns, provide a steady income stream and are backed by the full faith and credit of the U.S government.

This investment by Peters comes amidst a time of economic uncertainty, where many investors are looking to diversify their portfolios and hedge against potential market downturns.

This information is provided in accordance with the STOCK Act, which requires members of Congress to disclose their transactions to ensure transparency and prevent potential conflicts of interest.

As a reminder, this report does not suggest any illegal or unethical activity on the part of Peters. It is merely a disclosure of his recent financial activity as required by law.

InvestingPro Insights

As Congressman Scott H. Peters opts for the stability of U.S Treasury Notes, investors keeping an eye on the issuer of these securities, The Goldman Sachs Group , Inc. (NYSE: GS ), might find recent data and analysis from InvestingPro to be of interest. Goldman Sachs, a leading financial institution, has shown robust financial performance, as reflected in several key metrics.

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