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 16.8% of holdings on a weighted basis have experienced insider buying within the past six months.

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Chesapeake Utilities Corp. ( CPK), which makes up 0.77% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), 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 $393,244 worth of CPK, making it the #19 largest holding. The table below details the recent insider buying activity observed at CPK:

CPK — last trade: $49.26 — 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
06/05/2015 Joseph E. Moore Director 280 $53.43 $14,960

And Investment Tech Group Incorporated ( ITG), the #59 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $291,651 worth of ITG, which represents approximately 0.57% of the ETF's total assets at last check. The recent insider buying activity observed at ITG is detailed in the table below:

ITG — last trade: $15.62 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/19/2015 T. Kelley Millet Director 2,000 $17.32 $34,640
08/19/2015 R. Jarrett Lilien CEO & President 5,000 $17.07 $85,350
08/21/2015 James P. Selway III Managing Director 1,250 $16.10 $20,125

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