This ETF Holds Stocks Insiders Want to Own

A look at the weighted underlying holdings of the First Trust RBA American Industrial Renaissance ETF (AIRR) shows an impressive 11.2% of holdings on a weighted basis have experienced insider buying within the past six months.

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Global Brass & Copper Holdings Inc ( BRSS), which makes up 2.10% of the First Trust RBA American Industrial Renaissance ETF (AIRR), has seen 5 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $2,323,562 worth of BRSS, making it the #27 largest holding. The table below details the recent insider buying activity observed at BRSS:

BRSS — last trade: $11.82 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/12/2014 Martin E. Welch Director 2,500 $11.84 $29,600.00
12/12/2014 Vicki L. Avril Director 10,000 $11.95 $119,512.58
12/12/2014 Bradford T. Ray Director 5,000 $11.90 $59,508.50
12/12/2014 John H. Walker Director 10,000 $11.87 $118,684.00
12/15/2014 Ronald C. Whitaker Director 1,000 $11.82 $11,820.40
12/15/2014 Donald L. Marsh Jr. Director 5,000 $11.87 $59,335.00

And Global Power Equipment Group, Inc. ( GLPW), the #29 largest holding among components of the First Trust RBA American Industrial Renaissance ETF (AIRR), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,979,780 worth of GLPW, which represents approximately 1.79% of the ETF's total assets at last check. The recent insider buying activity observed at GLPW is detailed in the table below:

GLPW — last trade: $13.71 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/04/2014 Michael Salvati Director 7,500 $17.11 $128,325.00
11/06/2014 Frank E. Williams Jr. Director 1,000 $13.51 $13,510.00

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