11.1% of FPX Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the First Trust US IPO Index Fund (FPX) shows an impressive 11.1% of holdings on a weighted basis have experienced insider buying within the past six months.

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Murphy USA Inc ( MUSA), which makes up 0.23% of the First Trust US IPO Index Fund (FPX), 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 $1,145,571 worth of MUSA, making it the #94 largest holding. The table below details the recent insider buying activity observed at MUSA:

MUSA — last trade: $48.77 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/24/2014 R. Andrew Clyde President & CEO 5,000 $38.96 $194,782.50
03/06/2014 Fred L. Holliger Director 1,000 $40.84 $40,838.00
05/08/2014 Malynda K. West EVP, CFO & Treasurer 959 $44.99 $43,146.46

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