Strong Insider Buying Found in the Underlying Holdings of BIZD

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an impressive 50.4% of holdings on a weighted basis have experienced insider buying within the past six months.

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THL Credit Incorporated ( TCRD), which makes up 1.41% of the BDC Income ETF (BIZD), 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 $1,487,959 worth of TCRD, making it the #21 largest holding. The table below details the recent insider buying activity observed at TCRD:

TCRD — last trade: $9.23 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/16/2016 James D. Kern Director 2,000 $10.57 $21,140
05/17/2016 Christopher J. Flynn Co-CEO & Co-CIO 2,000 $10.66 $21,320

And Newtek Business Services Corp ( NEWT), the #24 largest holding among components of the BDC Income ETF (BIZD), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $831,798 worth of NEWT, which represents approximately 0.79% of the ETF's total assets at last check. The recent insider buying activity observed at NEWT is detailed in the table below:

NEWT — last trade: $14.87 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/20/2016 Nilesh Joshi Chief Information Officer 800 $13.82 $11,056
11/07/2016 Barry Sloane Chairman & CEO 1,000 $14.72 $14,720
11/07/2016 Barry Sloane Chairman & CEO 1,000 $14.90 $14,900
11/09/2016 Barry Sloane Chairman & CEO 1,000 $14.31 $14,308

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