Insiders Buy the Holdings of FDM ETF

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A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (Symbol: FDM) shows an impressive 13.9% of holdings on a weighted basis have experienced insider buying within the past six months.

Lakeland Financial Corp. (Symbol: LKFN), which makes up 0.62% of the First Trust Dow Jones Select MicroCap Index Fund (Symbol: 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 $573,504 worth of LKFN, making it the #42 largest holding. The table below details the recent insider buying activity observed at LKFN:

LKFN - last trade: $40.72 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/05/2013 Charles E. Niemier Director 502 $35.51 $17,826.92
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

And Global Cash Access Holdings Inc (Symbol: GCA), the #77 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (Symbol: FDM), shows 6 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $447,865 worth of GCA, which represents approximately 0.49% of the ETF's total assets at last check. The recent insider buying activity observed at GCA is detailed in the table below:

GCA - last trade: $8.20 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/14/2014 Robert Myhre EVP 5,000 $8.07 $40,362.00
03/14/2014 E. Miles Kilburn Director 10,000 $8.11 $81,100.00
03/14/2014 Juliet Lim EVP & General Counsel 5,000 $8.10 $40,501.50
03/14/2014 Randy L. Taylor EVP & CFO 5,000 $8.10 $40,507.00
03/14/2014 Ram Chary President & CEO 15,000 $8.07 $121,036.50
03/14/2014 Michael Scott Dowty EVP 10,000 $8.06 $80,599.00

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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 , LKFN , GCA

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