Strong Insider Buying Found in the Underlying Holdings of BIZD

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an impressive 30.2% of holdings on a weighted basis have experienced insider buying within the past six months.

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Gladstone Capital Corporation ( GLAD), which makes up 1.13% of the BDC Income ETF (BIZD), 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 $339,149 worth of GLAD, making it the #23 largest holding. The table below details the recent insider buying activity observed at GLAD:

GLAD — last trade: $9.98 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/10/2014 Robert L. Marcotte President 19,810 $9.39 $186,098.72
02/11/2014 Melissa Morrison Chief Financial Officer 125 $9.59 $1,198.88

And Horizon Tech Finance Corporation ( HRZN), the #26 largest holding among components of the BDC Income ETF (BIZD), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $196,050 worth of HRZN, which represents approximately 0.65% of the ETF's total assets at last check. The recent insider buying activity observed at HRZN is detailed in the table below:

HRZN — last trade: $14.51 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/11/2013 Gerald A. Michaud President 7,200 $13.89 $100,004.40
11/13/2013 Robert D. Pomeroy Jr. Chief Executive Officer 4,000 $14.07 $56,268.00
11/25/2013 Christopher B. Woodward Director 450 $14.15 $6,367.50

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