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This ETF Holds Stocks Insiders Want to Own

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A look at the weighted underlying holdings of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months.

Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), 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 $230,207 worth of AAN, making it the #98 largest holding. The table below details the recent insider buying activity observed at AAN:

AAN - last trade: $23.76 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/07/2016 Ryan K. Woodley CEO Progressive Leasing 4,000 $23.64 $94,560
03/07/2016 Steven A. Michaels CFO, President Strategic Ops. 3,000 $23.47 $70,410

And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $224,441 worth of ASNA, which represents approximately 0.26% of the ETF's total assets at last check. The recent insider buying activity observed at ASNA is detailed in the table below:

ASNA - last trade: $10.14 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/18/2015 Elliot S. Jaffe Chairman 100,000 $9.70 $969,659
12/23/2015 David R. Jaffe President & CEO 8,300 $9.90 $82,143
12/24/2015 David R. Jaffe President & CEO 4,900 $10.09 $49,417
01/14/2016 Robert Giammatteo EVP, CFO 5,000 $8.21 $41,060
01/13/2016 David R. Jaffe President & CEO 10,000 $8.50 $84,990

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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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