GE, Microsoft and Proctor & Gamble Most Popular Stocks Owned by Members of Congress
When it comes to investing in the market, members of Congress love their blue chip stocks.
A new database from the watchdog group MapLight has revealed the most popular companies that senators and representatives invested in last year.
General Electric led the way with 69 lawmakers owning stock in the corporation. The total value of the shares ranged between $2.3 million and $5.9 million, according to MapLight. The second most popular stock was Microsoft, owned by 57 lawmakers.
The remaining top 10 consisted of Procter & Gamble (55), Wells Fargo (50), Apple and IBM (tied with 48), AT&T and Verizon (tied with 47), JPMorgan Chase (46) and ExxonMobil (45).
MapLight created its database using information from personal financial disclosures that each member of Congress filed for 2013. The documents covered investments that included real estate, mutual funds and company stock.
To Learn More:
For the First Time, Half of Members of Congress are Millionaires…Democrats Worth more than Republicans (by Noel Brinkerhoff, AllGov)
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