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 15.5% of holdings on a weighted basis have experienced insider buying within the past six months.

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Pjt Partners Incorporated ( PJT), which makes up 0.51% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), has seen 4 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $241,452 worth of PJT, making it the #57 largest holding. The table below details the recent insider buying activity observed at PJT:

PJT — last trade: $26.59 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/04/2016 Paul J. Taubman Chairman and CEO 15,000 $24.21 $363,150
08/04/2016 Dennis S. Hersch Director 2,000 $24.16 $48,320
08/09/2016 Ji-yeun Lee Managing Partner 10,000 $24.66 $246,600
08/19/2016 Paul J. Taubman Chairman and CEO 15,000 $24.62 $369,283
05/13/2016 Paul J. Taubman Chairman and CEO 35,000 $23.68 $828,650
05/11/2016 Helen T. Meates Chief Financial Officer 10,000 $23.91 $239,100

And H&E Equipment Services Inc ( HEES), the #74 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $229,534 worth of HEES, which represents approximately 0.48% of the ETF's total assets at last check. The recent insider buying activity observed at HEES is detailed in the table below:

HEES — last trade: $13.48 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/06/2016 John Sawyer Director 1,000 $15.82 $15,824
09/09/2016 John Sawyer Director 2,000 $15.50 $31,000
11/01/2016 Paul Arnold Director 5,000 $12.81 $64,075
11/01/2016 John Engquist Chief Executive Officer 34,000 $13.73 $466,990
11/01/2016 Bradley W. Barber President & COO 11,527 $13.89 $160,065

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