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Insiders Bullish on Certain Holdings of FDM


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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 12.4% of holdings on a weighted basis have experienced insider buying within the past six months.

NMI Holdings Inc (Symbol: NMIH), which makes up 0.82% 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 $779,120 worth of NMIH, making it the #6 largest holding. The table below details the recent insider buying activity observed at NMIH:

NMIH - last trade: $16.80 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
06/15/2017 Regina Muehlhauser Director 10,000 $11.03 $110,342
08/29/2017 William J. Leatherberry EVP, General Counsel 5,000 $10.65 $53,250

And Financial Institutions Inc. (Symbol: FISI), the #95 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund ( FDM ), shows 5 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $398,446 worth of FISI, which represents approximately 0.42% of the ETF's total assets at last check. The recent insider buying activity observed at FISI is detailed in the table below:

FISI - last trade: $32.65 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/20/2017 Michael D. Burneal Senior Vice President 630 $31.50 $19,843
11/21/2017 Joseph L. Dugan Senior Vice President 930 $32.15 $29,900
11/21/2017 Kevin B. Klotzbach EVP & Chief Financial Officer 500 $32.04 $16,020
11/20/2017 Martin Kearney Birmingham President & CEO 1,000 $31.65 $31,650
11/22/2017 William L. Kreienberg Executive Vice President 500 $32.33 $16,165

10 ETFs With Stocks That Insiders Are Buying ยป

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 , ETFs
Referenced Symbols: FDM , NMIH , FISI


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