A look at the weighted underlying holdings of the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) shows an impressive 11.7% of holdings on a weighted basis have experienced insider buying within the past six months.

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Pacific Ethanol Inc ( PEIX - Get Report), which makes up 0.34% of the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $625,208 worth of PEIX, making it the #43 largest holding. The table below details the recent insider buying activity observed at PEIX:

PEIX — last trade: $14.53 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/19/2013 Neil M. Koehler President & CEO 15,000 $2.55 $38,250.00
11/20/2013 Christopher W. Wright VP, Gen. Counsel & Secy 3,676 $2.73 $10,028.13
11/20/2013 Bryon T. McGregor Chief Financial Officer 2,000 $2.70 $5,400.00

And Hannon Armstrong Sustainable Infrastructure Capital Inc ( HASI), the #46 largest holding among components of the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $561,894 worth of HASI, which represents approximately 0.31% of the ETF's total assets at last check. The recent insider buying activity observed at HASI is detailed in the table below:

HASI — last trade: $13.91 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/12/2013 Jeffrey Eckel Chairman, Dir, President & CEO 4,160 $11.96 $49,756.93
11/12/2013 Richard J. Osborne Director 2,500 $11.94 $29,850.00
11/15/2013 M. Rhem Wooten Executive Vice President 12,500 $11.99 $149,907.50
03/14/2014 Jeffrey Eckel Chairman, Dir, President & CEO 1,500 $14.58 $21,874.95
03/14/2014 Steven Chuslo GENERAL COUNSEL & EVP 5,000 $14.45 $72,256.00