Insiders Bullish on Certain Holdings of FDM

A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 19.8% of holdings on a weighted basis have experienced insider buying within the past six months.

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Hanmi Financial Corp. ( HAFC), which makes up 0.64% 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 $358,241 worth of HAFC, making it the #31 largest holding. The table below details the recent insider buying activity observed at HAFC:

HAFC — last trade: $20.67 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/02/2014 David L. Rosenblum Director 5,000 $21.92 $109,600.00
07/25/2014 Chong Guk Kum President & CEO 8,750 $20.95 $183,312.50

And City Holding Co. ( CHCO), the #33 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 $359,972 worth of CHCO, which represents approximately 0.64% of the ETF's total assets at last check. The recent insider buying activity observed at CHCO is detailed in the table below:

CHCO — last trade: $41.82 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/01/2014 Tracy W. Hylton II Director 6,000 $42.63 $255,769.30
05/06/2014 Tracy W. Hylton II Director 2,500 $41.99 $104,985.05
05/15/2014 J. Thomas Jones Director 700 $41.88 $29,316.00
05/15/2014 Tracy W. Hylton II Director 2,573 $42.16 $108,487.41
05/16/2014 Tracy W. Hylton II Director 1,000 $41.19 $41,194.50
05/22/2014 Tracy W. Hylton II Director 399 $42.45 $16,937.55
05/30/2014 Tracy W. Hylton II Director 545 $43.38 $23,640.80

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