Insiders Buy the Holdings of FDM ETF

A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 19.0% of holdings on a weighted basis have experienced insider buying within the past six months.

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Sandy Spring Bancorp Inc ( SASR), which makes up 0.66% 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 $355,740 worth of SASR, making it the #27 largest holding. The table below details the recent insider buying activity observed at SASR:

SASR — last trade: $24.46 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/01/2014 Mark E. Friis Director 2,500 $23.17 $57,925.00
08/15/2014 Robert E. Henel Jr. Director 400 $23.50 $9,400.40

And Ameris Bancorp ( ABCB), the #30 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund ( FDM), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $349,605 worth of ABCB, which represents approximately 0.65% of the ETF's total assets at last check. The recent insider buying activity observed at ABCB is detailed in the table below:

ABCB — last trade: $22.72 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/25/2014 Jimmy D. Veal Director 3,180 $22.39 $71,190.95
05/06/2014 Brooks Sheldon Director 1,000 $20.40 $20,400.00
05/20/2014 Leo J. Hill Director 3,056 $19.74 $60,316.48
06/13/2014 Robert Dale Ezzell Director 2,747 $21.78 $59,827.13

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