Insiders Pile Into Holdings of ZMLP ETF

A look at the weighted underlying holdings of the Zacks MLP High Income Index Shares (ZMLP) shows an impressive 22.5% of holdings on a weighted basis have experienced insider buying within the past six months.

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NGL Energy Partners LP ( NGL), which makes up 2.98% of the Zacks MLP High Income Index Shares ( ZMLP), 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 $2,135,597 worth of NGL, making it the #24 largest holding. The table below details the recent insider buying activity observed at NGL:

NGL — last trade: $15.40 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/11/2017 H. Michael Krimbill Chief Executive Officer 75,000 $8.86 $664,762
11/21/2017 Robert W. Karlovich III CFO, Executive Vice President 10,000 $11.66 $116,643

And Genesis Energy L.P. ( GEL), the #25 largest holding among components of the Zacks MLP High Income Index Shares ( ZMLP), shows 8 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,991,792 worth of GEL, which represents approximately 2.78% of the ETF's total assets at last check. The recent insider buying activity observed at GEL is detailed in the table below:

GEL — last trade: $21.12 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/06/2017 Kenneth M. Jastrow II Director 27,196 $26.74 $727,300
09/06/2017 Kenneth M. Jastrow II Director 27,196 $26.74 $727,300
09/01/2017 Edward T. Flynn President, Genesis Alkali, LLC 11,010 $27.38 $301,434
11/08/2017 Sharilyn S. Gasaway Director 10,000 $23.09 $230,900
11/08/2017 Ryan S. Sims Vice President 4,300 $23.25 $99,975
11/10/2017 Grant E. Sims Chief Executive Officer 44,263 $22.93 $1,014,793
11/16/2017 Edward T. Flynn President, Genesis Alkali, LLC 4,681 $21.32 $99,799
11/20/2017 James E. Davison Director 79,031 $21.56 $1,703,682
11/21/2017 James E. Davison Director 20,969 $21.68 $454,608
11/21/2017 Robert V. Deere Chief Financial Officer 45,000 $21.71 $976,950
12/04/2017 Richard R. Alexander Vice President 5,500 $22.66 $124,630
12/19/2017 Kenneth M. Jastrow II Director 15,000 $22.32 $334,800

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