Insiders Bullish on Certain Holdings of FDM

A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 15.0% of holdings on a weighted basis have experienced insider buying within the past six months.

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Universal Insurance Holdings Inc ( UVE), which makes up 0.59% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), 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 $312,899 worth of UVE, making it the #50 largest holding. The table below details the recent insider buying activity observed at UVE:

UVE — last trade: $18.23 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
06/10/2014 Ralph J. Palmieri Director 1,500 $12.99 $19,485.00
06/12/2014 Richard D. Peterson Director 780 $12.83 $10,007.40

And Heritage Financial Corp. ( HFWA), the #67 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $293,469 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: $17.33 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
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
10/27/2014 Mark D. Crawford Director 1,000 $16.28 $16,275.20

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