Insiders Bullish on Certain Holdings of QABA

A look at the weighted underlying holdings of the First Trust NASDAQ ABA Community Bank Index Fund (QABA) shows an impressive 16.2% of holdings on a weighted basis have experienced insider buying within the past six months.

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Meridian Bancorp Inc ( EBSB), which makes up 0.35% of the First Trust NASDAQ ABA Community Bank Index Fund (QABA), 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 $385,376 worth of EBSB, making it the #82 largest holding. The table below details the recent insider buying activity observed at EBSB:

EBSB — last trade: $11.38 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/29/2014 James G. Sartori Director 3,000 $10.48 $31,440.00
07/30/2014 Richard J. Gavegnano Chairman, President and CEO 671 $10.76 $7,219.96
08/27/2014 Richard F. Fernandez Director 2,000 $10.76 $21,510.00
09/09/2014 Richard F. Fernandez Director 1,000 $10.74 $10,740.00
10/31/2014 James G. Sartori Director 6,032 $11.25 $67,854.66
11/11/2014 Richard F. Fernandez Director 5,000 $11.46 $57,300.00
11/13/2014 Richard F. Fernandez Director 10,000 $11.54 $115,400.00
11/19/2014 Richard F. Fernandez Director 1,000 $11.13 $11,130.00
12/01/2014 Richard F. Fernandez Director 3,000 $10.90 $32,700.00

And BNC Bancorp ( BNCN), the #95 largest holding among components of the First Trust NASDAQ ABA Community Bank Index Fund (QABA), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $312,802 worth of BNCN, which represents approximately 0.29% of the ETF's total assets at last check. The recent insider buying activity observed at BNCN is detailed in the table below:

BNCN — last trade: $17.27 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
10/22/2014 Charles T. Hagan III Director 2,500 $16.70 $41,750.00
10/23/2014 Thomas R. Sloan Director 3,000 $16.40 $49,200.00
10/24/2014 Thomas R. Sloan Director 1,266 $16.30 $20,635.80
10/28/2014 Charles T. Hagan III Director 2,000 $16.75 $33,494.20
12/01/2014 Lenin J. Peters Director 2,000 $16.50 $33,000.00

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