Insiders Bullish on Certain Holdings of QABA

A look at the weighted underlying holdings of the First Trust NASDAQ ABA Community Bank Index Fund (QABA) shows an impressive 17.2% of holdings on a weighted basis have experienced insider buying within the past six months.

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Renasant Corp ( RNST), which makes up 0.54% of the First Trust NASDAQ ABA Community Bank Index Fund (QABA), 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 $486,778 worth of RNST, making it the #55 largest holding. The table below details the recent insider buying activity observed at RNST:

RNST — last trade: $28.14 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/23/2014 Richard Heyer Director 452 $27.86 $12,592.72
04/30/2014 Jill V. Deer Director 300 $27.31 $8,193.00
08/01/2014 Theodore Moll Director 3,000 $28.59 $85,770.00

And Independent Bank Group Inc. ( IBTX), the #59 largest holding among components of the First Trust NASDAQ ABA Community Bank Index Fund (QABA), shows 10 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $430,100 worth of IBTX, which represents approximately 0.48% of the ETF's total assets at last check. The recent insider buying activity observed at IBTX is detailed in the table below:

IBTX — last trade: $48.29 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
06/05/2014 Michelle S. Hickox CFO 250 $50.40 $12,600.00
06/05/2014 Torry Berntsen President/COO 2,500 $48.96 $122,400.00
06/05/2014 M. Brian Aynesworth III Director 197 $49.38 $9,727.86
06/05/2014 David R. Brooks CEO 1,000 $48.72 $48,720.00
06/05/2014 G. Stacy Smith Director 1,500 $48.78 $73,170.00
06/06/2014 Jack M. Radke Director 2,000 $49.70 $99,410.00
06/05/2014 Craig E. Holmes Director 2,000 $49.32 $98,640.00
06/05/2014 John Webb Jennings III Director 2,000 $49.15 $98,300.00
06/05/2014 Brian E. Hobart Vice Chairman and CLO 500 $48.84 $24,420.00
06/09/2014 Torry Berntsen President and COO 250 $51.00 $12,750.40
06/16/2014 Torry Berntsen President/COO 750 $52.66 $39,497.00
06/12/2014 G. Stacy Smith Director 2,500 $51.98 $129,937.81
06/26/2014 James D. Stein Vice Chairman 500 $55.47 $27,736.15
08/01/2014 Torry Berntsen President and COO 1,250 $47.94 $59,929.85
08/01/2014 John Webb Jennings III Director 2,000 $47.43 $94,864.20
08/01/2014 G. Stacy Smith Director 9,000 $47.75 $429,751.45
08/04/2014 G. Stacy Smith Director 1,500 $47.41 $71,107.80
08/05/2014 G. Stacy Smith Director 2,500 $47.98 $119,953.50
08/07/2014 John Webb Jennings III Director 600 $48.03 $28,816.80
08/08/2014 Torry Berntsen President and COO 250 $48.13 $12,032.90
09/16/2014 Torry Berntsen President and COO 250 $47.73 $11,932.50

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