Strong Insider Buying Reported in BIZD Holdings

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an impressive 51.6% of holdings on a weighted basis have experienced insider buying within the past six months.

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Golub Capital BDC Incorporated ( GBDC), which makes up 4.20% of the BDC Income ETF (BIZD), 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 $1,964,671 worth of GBDC, making it the #10 largest holding. The table below details the recent insider buying activity observed at GBDC:

GBDC — last trade: $16.29 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/03/2014 Lawrence E. Golub Chairman 5,000 $17.82 $89,100.00
09/03/2014 David Golub Chief Executive Officer 5,000 $17.82 $89,100.00

And New Mountain Finance Corp ( NMFC), the #13 largest holding among components of the BDC Income ETF (BIZD), shows 8 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,755,106 worth of NMFC, which represents approximately 3.76% of the ETF's total assets at last check. The recent insider buying activity observed at NMFC is detailed in the table below:

NMFC — last trade: $14.75 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/16/2014 James Stone Section 16 Officer 1,500 $14.24 $21,355.44
04/16/2014 David Malpass Director 10,000 $14.25 $142,512.00
04/28/2014 Robert Hamwee CEO, President and Director 15,000 $14.31 $214,692.00
04/29/2014 Paula Bosco Chief Compliance Officer 2,125 $14.26 $30,302.22
06/11/2014 Paula Bosco Chief Compliance Officer 623 $14.34 $8,933.76
06/11/2014 Alfred F. Hurley Jr. Director 7,000 $14.43 $101,010.00
06/16/2014 Adam Weinstein EVP, CAO and Director 3,500 $14.35 $50,224.65
08/12/2014 David Ogens Director 10,000 $14.98 $149,800.00
08/13/2014 Steven B. Klinsky Director 212,060 $15.10 $3,203,024.98
08/15/2014 Steven B. Klinsky Director 117,940 $15.19 $1,791,413.72
09/16/2014 David Malpass Director 5,000 $14.83 $74,150.00

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