18.5% of AIRR Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the First Trust RBA American Industrial Renaissance ETF ( AIRR) shows an impressive 18.5% of holdings on a weighted basis have experienced insider buying within the past six months.

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FreightCar America Inc ( RAIL), which makes up 4.16% of the First Trust RBA American Industrial Renaissance ETF ( AIRR), 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 $2,899,793 worth of RAIL, making it the #1 largest holding. The table below details the recent insider buying activity observed at RAIL:

RAIL — last trade: $35.05 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/07/2014 Charles F. Avery Jr. VP Finance, CFO and Treasurer 500 $23.30 $11,648.00
05/21/2014 Andrew B. Schmitt Director 10,000 $24.95 $249,474.99

And Global Brass & Copper Holdings Inc ( BRSS), the #23 largest holding among components of the First Trust RBA American Industrial Renaissance ETF ( AIRR), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,864,633 worth of BRSS, which represents approximately 2.68% of the ETF's total assets at last check. The recent insider buying activity observed at BRSS is detailed in the table below:

BRSS — last trade: $14.93 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/12/2014 Scott B. Hamilton General Counsel & Secretary 1,000 $14.81 $14,811.00
05/12/2014 Robert T. Micchelli Chief Financial Officer 15,000 $14.98 $224,700.00
05/12/2014 Paul Schwind Corporate Controller 1,100 $14.88 $16,368.00
05/12/2014 John J. Wasz Chief Executive Officer 16,816 $15.04 $252,949.61