18.1% of FDM Holdings Seeing Recent Insider Buys

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A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund ( FDM ) shows an impressive 18.1% of holdings on a weighted basis have experienced insider buying within the past six months.

Hanmi Financial Corp. (Symbol: HAFC), which makes up 0.65% 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 $415,424 worth of HAFC, making it the #33 largest holding. The table below details the recent insider buying activity observed at HAFC:

HAFC - last trade: $22.39 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/04/2014 Joseph K. Rho Director 2,400 $20.50 $49,200.00
05/02/2014 David L. Rosenblum Director 5,000 $21.92 $109,600.00


And Lakeland Financial Corp. (Symbol: LKFN), the #47 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 $384,185 worth of LKFN, which represents approximately 0.60% of the ETF's total assets at last check. The recent insider buying activity observed at LKFN is detailed in the table below:

LKFN - last trade: $39.57 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
01/31/2014 James J. Nowak Vice President & Treasurer 160 $37.20 $5,952.00
02/06/2014 Charles E. Niemier Director 496 $36.38 $18,045.67
05/05/2014 Charles E. Niemier Director 552 $36.41 $20,097.38
06/03/2014 Lisa M. O'neill EVP & CFO 500 $35.95 $17,975.00

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , ETFs

Referenced Stocks: FDM , HAFC , LKFN

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