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 16.9% of holdings on a weighted basis have experienced insider buying within the past six months.

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Photronics, Inc. ( PLAB), which makes up 0.56% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), 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 $294,254 worth of PLAB, making it the #62 largest holding. The table below details the recent insider buying activity observed at PLAB:

PLAB — last trade: $8.20 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/31/2014 Constantine S. Macricostas CEO & President 4,411 $6.77 $29,862.47
07/31/2014 Sean T. Smith Senior Vice President & CFO 2,757 $6.77 $18,664.89
07/31/2014 Richelle E. Burr VP, General Counsel & Secy 500 $6.77 $3,385.00

And Heritage Financial Corp. ( HFWA), the #64 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $288,698 worth of HFWA, which represents approximately 0.55% of the ETF's total assets at last check. The recent insider buying activity observed at HFWA is detailed in the table below:

HFWA — last trade: $16.41 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/12/2014 Ann Watson Director 2,000 $16.19 $32,380.00
05/28/2014 Mark D. Crawford Director 1,500 $15.76 $23,640.00
08/07/2014 Brian Charneski Director 2,000 $15.97 $31,940.00

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