12.3% of FPX Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the First Trust US IPO Index Fund (FPX) shows an impressive 12.3% of holdings on a weighted basis have experienced insider buying within the past six months.

START SLIDESHOW:
10 ETFs With Stocks That Insiders Are Buying »

Synchrony Financial ( SYF), which makes up 2.48% of the First Trust US IPO Index Fund ( FPX), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $13,375,645 worth of SYF, making it the #10 largest holding. The table below details the recent insider buying activity observed at SYF:

SYF — last trade: $30.11 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/31/2014 Richard C. Hartnack Director 2,000 $23.00 $46,000.00
07/31/2014 Alexander Dimitrief Director 10,000 $23.00 $230,000.00
07/31/2014 David P. Melito See Remarks 5,000 $23.00 $115,000.00
07/31/2014 Jeffrey G. Naylor Director 20,000 $23.00 $460,000.00
07/31/2014 Thomas M. Quindlen See Remarks 1,000 $23.00 $23,000.00
07/31/2014 Roy A. Guthrie Director 10,000 $23.00 $230,000.00

And Citizens Financial Group Inc ( CFG), the #18 largest holding among components of the First Trust US IPO Index Fund ( FPX), shows 18 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $7,472,568 worth of CFG, which represents approximately 1.39% of the ETF's total assets at last check. The recent insider buying activity observed at CFG is detailed in the table below:

CFG — last trade: $25.51 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/29/2014 William P. Hankowsky Director 15,000 $21.50 $322,500.00
09/29/2014 Charles John Koch Director 20,000 $21.50 $430,000.00
09/29/2014 Shivan S. Subramaniam Director 15,000 $21.50 $322,500.00
09/29/2014 Wendy A. Watson Director 4,000 $21.50 $86,000.00
09/29/2014 Leo I. Higdon Jr. Director 500 $21.50 $10,750.00
09/29/2014 Nancy L. Shanik Chief Risk Officer 4,000 $21.50 $86,000.00
09/29/2014 Iorio Anthony M. DI Director 12,500 $21.50 $268,750.00
09/29/2014 David J. Bowerman Vice Chair, Business Services 5,000 $21.50 $107,500.00
09/29/2014 Marita Zuraitis Director 2,000 $21.50 $43,000.00
09/29/2014 Mark S. Casady Director 4,200 $21.50 $90,300.00
09/29/2014 Ronald S. Ohsberg Controller 1,500 $21.50 $32,250.00
09/29/2014 Bruce Van Saun Chairman and CEO 45,000 $21.50 $967,500.00
09/29/2014 Stephen T. Gannon General Counsel 4,000 $21.50 $86,000.00
09/29/2014 Arthur F. Ryan Director 45,000 $21.50 $967,500.00
09/29/2014 John J. Fawcett Chief Financial Officer 4,000 $21.50 $86,000.00
09/29/2014 Brad L. Conner Vice Chair, Consumer Banking 4,000 $21.50 $86,000.00
09/29/2014 Robert D. Matthews Jr. Vice Chair, Commercial Banking 4,000 $21.50 $86,000.00
09/29/2014 Howard W. Hanna III Director 9,000 $21.50 $193,500.00

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb