Insiders Pile Into Holdings of FCG ETF

A look at the weighted underlying holdings of the First Trust ISE-Revere Natural Gas Index Fund (FCG) shows an impressive 20.3% of holdings on a weighted basis have experienced insider buying within the past six months.

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Comstock Resources, Inc. ( CRK), which makes up 1.97% of the First Trust ISE-Revere Natural Gas Index Fund (FCG), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $6,597,777 worth of CRK, making it the #27 largest holding. The table below details the recent insider buying activity observed at CRK:

CRK — last trade: $8.02 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/11/2014 Roland O. Burns President & CFO 250 $25.45 $6,362.25
11/07/2014 Elizabeth B. Davis Director 3,640 $11.00 $40,022.53
11/07/2014 Roland O. Burns President & CFO 4,000 $11.26 $45,036.00
11/07/2014 M. Jay Allison Chairman & CEO 10,000 $11.14 $111,420.00
11/07/2014 Daniel K. Presley VP of Accounting 10,000 $11.34 $113,397.00
11/10/2014 Richard Darius Singer VP of Financial Reporting 4,000 $11.34 $45,360.00
11/11/2014 David W. Sledge Director 5,000 $11.19 $55,956.50
12/01/2014 Cecil E. Martin Jr. Director 20,000 $8.87 $177,400.00

And Goodrich Petroleum Corp. ( GDP), the #28 largest holding among components of the First Trust ISE-Revere Natural Gas Index Fund (FCG), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $5,076,028 worth of GDP, which represents approximately 1.52% of the ETF's total assets at last check. The recent insider buying activity observed at GDP is detailed in the table below:

GDP — last trade: $4.73 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/06/2014 Robert C. Turnham Jr. President & COO 3,000 $7.37 $22,110.00
11/06/2014 Michael J. Perdue Director 17,075 $7.52 $128,456.93

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