Strong Insider Buying Found in the Underlying Holdings of XES

A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) shows an impressive 25.5% of holdings on a weighted basis have experienced insider buying within the past six months.

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Carbo Ceramics Inc. ( CRR), which makes up 1.34% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), 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 $2,360,233 worth of CRR, making it the #41 largest holding. The table below details the recent insider buying activity observed at CRR:

CRR — last trade: $38.17 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/08/2014 Gary A. Kolstad President and CEO 2,000 $103.36 $206,715.00
08/07/2014 Chad C. Deaton Director 1,500 $102.10 $153,150.00
08/18/2014 Don P. Conkle Vice President 1,960 $107.61 $210,915.60

And Pioneer Energy Services Corp ( PES), the #42 largest holding among components of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,354,638 worth of PES, which represents approximately 1.34% of the ETF's total assets at last check. The recent insider buying activity observed at PES is detailed in the table below:

PES — last trade: $5.56 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/01/2014 Stacy Locke President & CEO 19,093 $5.76 $109,975.68
12/08/2014 Stacy Locke President & CEO 15,000 $5.22 $78,300.00
12/12/2014 Dean A. Burkhardt Director 10,000 $4.24 $42,401.00

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