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 17.1% of holdings on a weighted basis have experienced insider buying within the past six months.

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State Bank Financial Corp ( STBZ), which makes up 0.65% 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 $321,090 worth of STBZ, making it the #37 largest holding. The table below details the recent insider buying activity observed at STBZ:

STBZ — last trade: $19.06 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
10/30/2014 Robert H. McMahon Director 1,100 $17.75 $19,525.00
12/02/2014 Ann Q. Curry Director 1,359 $18.75 $25,477.04

And Centerstate Banks, Inc. ( CSFL), the #74 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 $266,096 worth of CSFL, which represents approximately 0.54% of the ETF's total assets at last check. The recent insider buying activity observed at CSFL is detailed in the table below:

CSFL — last trade: $11.46 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/04/2014 John C. Corbett Subsidiary Bank President 1,000 $10.27 $10,270.00
08/05/2014 Ernest S. Pinner Chairman, CEO and President 1,000 $10.11 $10,110.00
08/27/2014 Daniel E. Bockhorst Chief Risk Officer 1,800 $10.35 $18,630.00

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