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FET

19.9% of XES Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES) shows an impressive 19.9% of holdings on a weighted basis have experienced insider buying within the past six months.

FMC Technologies, Inc. (Symbol: FTI), which makes up 2.69% of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES), 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 $5,355,036 worth of FTI, making it the #14 largest holding. The table below details the recent insider buying activity observed at FTI:

FTI - last trade: $33.85 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/23/2015 Doug Pferdehirt President & COO 30,304 $33.00 $1,000,032
07/24/2015 Sanjay Bhatia VP. Corp. Devel. 3,300 $32.85 $108,396

And Forum Energy Technologies Inc (Symbol: FET), the #23 largest holding among components of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,720,546 worth of FET, which represents approximately 2.37% of the ETF's total assets at last check. The recent insider buying activity observed at FET is detailed in the table below:

FET - last trade: $15.34 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/29/2015 Terence M. Otoole Director 100,000 $14.96 $1,496,000
07/31/2015 Terence M. Otoole Director 200,000 $15.18 $3,036,000
09/04/2015 Evelyn M. Angelle Director 26,000 $15.00 $390,000

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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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