Strong Insider Buying Reported in BIZD Holdings

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an impressive 59.3% 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 4.90% 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 $2,409,744 worth of GBDC, making it the #6 largest holding. The table below details the recent insider buying activity observed at GBDC:

GBDC — last trade: $17.02 — 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
12/11/2014 David Golub Chief Executive Officer 15,000 $17.19 $257,850.00
12/11/2014 Lawrence E. Golub Chairman 15,000 $17.19 $257,850.00
12/12/2014 David Golub Chief Executive Officer 15,000 $16.99 $254,850.00
12/12/2014 Lawrence E. Golub Chairman 15,000 $16.99 $254,850.00
12/15/2014 Lawrence E. Golub Chairman 10,000 $17.24 $172,400.00
12/15/2014 David Golub Chief Executive Officer 10,000 $17.24 $172,400.00
12/15/2014 Lawrence E. Golub Chairman 10,000 $17.24 $172,400.00
12/15/2014 David Golub Chief Executive Officer 10,000 $17.24 $172,400.00

And New Mountain Finance Corp ( NMFC), the #10 largest holding among components of the BDC Income ETF (BIZD), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,169,308 worth of NMFC, which represents approximately 4.41% 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: $14.14 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
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
09/16/2014 David Malpass Director 5,000 $14.83 $74,150.00
08/13/2014 Steven B. Klinsky Director 212,060 $15.10 $3,203,024.98
11/10/2014 Adam Weinstein EVP, CAO and Director 5,000 $14.69 $73,447.50
11/12/2014 Steven B. Klinsky Director 134,788 $14.82 $1,997,130.25
12/08/2014 David Malpass Director 7,700 $14.70 $113,190.00
12/10/2014 David Ogens Director 1,250 $14.83 $18,537.50

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