Insiders Buy the Holdings of FDM ETF

A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 16.0% of holdings on a weighted basis have experienced insider buying within the past six months.

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WSFS Financial Corp. ( WSFS), which makes up 0.72% 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 $384,792 worth of WSFS, making it the #23 largest holding. The table below details the recent insider buying activity observed at WSFS:

WSFS — last trade: $26.84 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/12/2014 David G. Turner Director 484 $76.48 $37,016
03/11/2015 David G. Turner Director 484 $76.45 $37,002
03/12/2015 Donald W. Delson Director 254 $76.29 $19,378

And Walker & Dunlop Inc ( WD), the #35 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 $359,529 worth of WD, which represents approximately 0.67% of the ETF's total assets at last check. The recent insider buying activity observed at WD is detailed in the table below:

WD — last trade: $24.93 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/18/2015 Dana L. Schmaltz Director 1,000 $16.17 $16,170
02/20/2015 Alan J. Bowers Director 2,000 $16.12 $32,231
02/26/2015 Dana L. Schmaltz Director 1,000 $16.09 $16,090

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