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10.1% of FTA Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the First Trust Large Cap Value AlphaDEX Fund (Symbol: FTA) shows an impressive 10.1% of holdings on a weighted basis have experienced insider buying within the past six months.

Ally Financial Inc (Symbol: ALLY), which makes up 0.92% of the First Trust Large Cap Value AlphaDEX Fund (Symbol: FTA), 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 $7,279,305 worth of ALLY, making it the #14 largest holding. The table below details the recent insider buying activity observed at ALLY:

ALLY - last trade: $19.47 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/04/2016 Christopher A. Halmy Chief Financial Officer 6,000 $16.90 $101,400
05/04/2016 Jeffrey Jonathan Brown Chief Executive Officer 12,000 $16.81 $201,720
05/04/2016 Marjorie Magner Director 1,000 $16.72 $16,720

And Norwegian Cruise Line Holdings Ltd. (Symbol: NCLH), the #48 largest holding among components of the First Trust Large Cap Value AlphaDEX Fund (Symbol: FTA), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $5,845,584 worth of NCLH, which represents approximately 0.74% of the ETF's total assets at last check. The recent insider buying activity observed at NCLH is detailed in the table below:

NCLH - last trade: $38.11 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/31/2016 Rio Frank J. Del President & CEO 83,498 $35.94 $3,000,721
09/02/2016 T. Robin Lindsay EVP, Vessel Operations 12,000 $35.90 $430,800

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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.


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

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