Insiders Bullish on Certain Holdings of FDM

A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 15.8% of holdings on a weighted basis have experienced insider buying within the past six months.

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Libbey Inc. ( LBY), which makes up 0.83% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), 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 $436,810 worth of LBY, making it the #8 largest holding. The table below details the recent insider buying activity observed at LBY:

LBY — last trade: $39.00 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/04/2015 Annunciata Cerioli VP, Chief Supply Chain Officer 405 $36.87 $14,930
03/10/2015 Theo Killion Director 1,000 $36.73 $36,730

And Chesapeake Utilities Corp. ( CPK), the #15 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $406,051 worth of CPK, which represents approximately 0.77% of the ETF's total assets at last check. The recent insider buying activity observed at CPK is detailed in the table below:

CPK — last trade: $54.40 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/13/2015 Dennis S. Hudson III Director 212 $47.60 $10,091
05/29/2015 Dianna Morgan Director 385 $52.58 $20,243

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