BDC Income ETF -- Insider Buying Index Registering 54%

A look at the weighted underlying holdings of the BDC Income ETF ( BIZD) shows an impressive 54.0% of holdings on a weighted basis have experienced insider buying within the past six months.

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Ares Capital Corporation ( ARCC), which makes up 11.71% of the BDC Income ETF ( BIZD), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $5,411,776 worth of ARCC, making it the #1 largest holding. The table below details the recent insider buying activity observed at ARCC:

ARCC — last trade: $17.035 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/20/2014 Steve Bartlett Director 100 $17.36 $1,736.00
04/21/2014 Steve Bartlett Director 100 $17.24 $1,724.00
05/09/2014 Michael J. Arougheti Chief Executive Officer 50,000 $16.60 $830,000.00
05/13/2014 Joshua M. Bloomstein General Counsel, VP & Sec. 5,000 $16.61 $83,050.00
05/15/2014 Michael Lewis Smith Executive Vice President 10,000 $16.75 $167,500.00
05/20/2014 Steve Bartlett Director 100 $17.09 $1,709.00
06/20/2014 Steve Bartlett Director 100 $17.30 $1,730.00
07/21/2014 Steve Bartlett Director 100 $17.02 $1,702.00
08/06/2014 Joshua M. Bloomstein General Counsel, VP & Sec. 1,500 $16.41 $24,615.00
08/06/2014 Penelope F. Roll Chief Financial Officer 6,000 $16.43 $98,580.00
08/07/2014 R. Kipp Deveer Chief Executive Officer 10,000 $16.51 $165,100.00
08/07/2014 Scott C. Lem CAO, VP & Treasurer 1,462 $16.97 $24,813.88
08/20/2014 Steve Bartlett Director 100 $16.93 $1,693.00

And Prospect Capital Corporation ( PSEC), the #2 largest holding among components of the BDC Income ETF ( BIZD), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $3,790,230 worth of PSEC, which represents approximately 8.20% of the ETF's total assets at last check. The recent insider buying activity observed at PSEC is detailed in the table below:

PSEC — last trade: $10.43 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/20/2014 John F. Barry CHIEF EXECUTIVE OFFICER 100,000 $10.86 $1,086,000.00
06/12/2014 Brian H. Oswald CFO,CCO,Treasury and Secretary 30,000 $10.25 $307,500.00
06/12/2014 Eugene S. Stark Director 1,000 $10.27 $10,270.00
06/12/2014 John F. Barry Chief Executive Officer 100,000 $10.33 $1,033,000.00
06/12/2014 Brian H. Oswald CFO,CCO,Treasury and Secretary 30,000 $10.25 $307,500.00
06/12/2014 Eugene S. Stark Director 1,000 $10.27 $10,270.00
06/12/2014 John F. Barry Chief Executive Officer 100,000 $10.33 $1,033,000.00
06/12/2014 M. Grier Eliasek Chief Operating Officer 24,000 $10.28 $246,720.00
06/13/2014 John F. Barry Chief Executive Officer 100,000 $10.37 $1,037,000.00
08/27/2014 Brian H. Oswald CFO, CCO, Treasury, Secretary 27,300 $10.40 $283,970.00
08/28/2014 Eugene S. Stark Director 4,000 $10.32 $41,280.00
08/29/2014 M. Grier Eliasek Chief Operating Officer 20,000 $10.26 $205,200.00

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