This ETF Holds Stocks Insiders Want to Own
A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 10.9% of holdings on a weighted basis have experienced insider buying within the past six months.
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Independence Realty Trust Inc (IRT) - Get Independence Realty Trust Inc. Report, which makes up 0.74% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $751,761 worth of IRT, making it the #20 largest holding. The table below details the recent insider buying activity observed at IRT:
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IRT — last trade: $9.30 — Recent Insider Buys:
Purchased | Insider | Title | Shares | Price/Share | Value |
02/22/2018 | James J. Sebra | CFO & Treasurer | 2,500 | $8.33 | $20,825 |
02/22/2018 | Scott Schaeffer | Chairman & CEO | 15,000 | $8.33 | $124,950 |
And Triumph Bancorp Inc (TBK) - Get Triumph Bancorp Inc. Report, the #26 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $717,081 worth of TBK, which represents approximately 0.71% of the ETF's total assets at last check. The recent insider buying activity observed at TBK is detailed in the table below:
TBK — last trade: $40.45 — Recent Insider Buys:
Purchased | Insider | Title | Shares | Price/Share | Value |
10/23/2017 | Michael P. Rafferty | Director | 500 | $31.64 | $15,820 |
11/02/2017 | Michael P. Rafferty | Director | 1,000 | $30.72 | $30,720 |
11/15/2017 | Maribess L. Miller | Director | 5,504 | $29.77 | $163,854 |
