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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 »

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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