This ETF Holds Stocks Insiders Want to Own

A look at the weighted underlying holdings of the First Trust Small Cap Value AlphaDEX Fund (FYT) shows an impressive 13.7% of holdings on a weighted basis have experienced insider buying within the past six months.

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OM Group, Inc. ( OMG), which makes up 0.58% of the First Trust Small Cap Value AlphaDEX Fund (FYT), 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 $372,809 worth of OMG, making it the #50 largest holding. The table below details the recent insider buying activity observed at OMG:

OMG — last trade: $27.85 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/16/2014 Joseph Scaminace Chairman and CEO 3,000 $28.37 $85,098.60
05/21/2014 Carl R. Christenson Director 1,000 $28.94 $28,940.00
08/18/2014 Carl R. Christenson Director 1,000 $26.06 $26,055.50
08/22/2014 John A. McFarland Director 500 $25.95 $12,974.95

And Ethan Allen Interiors, Inc. ( ETH), the #114 largest holding among components of the First Trust Small Cap Value AlphaDEX Fund (FYT), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $271,320 worth of ETH, which represents approximately 0.42% of the ETF's total assets at last check. The recent insider buying activity observed at ETH is detailed in the table below:

ETH — last trade: $25.75 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/12/2014 Henry C. Kapteina Sr. Director, Internal Audit 100 $24.28 $2,428.00
03/17/2014 James B. Carlson Director 1,500 $25.30 $37,947.07
05/02/2014 Corey Whitely EVP Adm., interim CFO & Treas. 1,250 $24.79 $30,987.50
08/20/2014 John S. Bedford II VP, Corporate Controller 399 $25.07 $10,000.00

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