Gaming ETF -- Insider Buying Index Registering 11.0%

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A look at the weighted underlying holdings of the Gaming ETF (Symbol: BJK) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months.

MGM Resorts International (Symbol: MGM), which makes up 5.97% of the Gaming ETF (Symbol: BJK), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,566,853 worth of MGM, making it the #5 largest holding. The table below details the recent insider buying activity observed at MGM:

MGM - last trade: $25.54 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/06/2019 Mary Christine Gay Director 3,700 $27.27 $100,886
03/07/2019 William Warwick Grounds Director 1,145 $26.27 $30,075
05/08/2019 Paul J. Salem Director 800,000 $25.40 $20,322,240

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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 Nasdaq, Inc.

This article appears in: Investing , Stocks , ETFs
Referenced Symbols: BJK , MGM

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