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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 SuperDividend U.S. ETF ( DIV ) shows an impressive 14.4% of holdings on a weighted basis have experienced insider buying within the past six months.

Covanta Holding Corp (Symbol: CVA), which makes up 2.13% of the SuperDividend U.S. ETF ( DIV ), 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 $6,234,727 worth of CVA, making it the #17 largest holding. The table below details the recent insider buying activity observed at CVA:

CVA - last trade: $15.75 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/14/2016 Robert S. Silberman Director 2,000 $14.73 $29,460
12/08/2016 Joseph M. Holsten Director 20,000 $14.34 $286,880
12/13/2016 Stephen J. Jones President and CEO 15,000 $14.81 $222,190

And Annaly Capital Management Inc (Symbol: NLY), the #27 largest holding among components of the SuperDividend U.S. ETF ( DIV ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $5,403,449 worth of NLY, which represents approximately 1.85% of the ETF's total assets at last check. The recent insider buying activity observed at NLY is detailed in the table below:

NLY - last trade: $10.24 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/04/2016 David L. Finkelstein Chief Investment Officer 100,000 $10.30 $1,030,000
11/09/2016 Timothy P. Coffey Chief Credit Officer 30,000 $10.15 $304,500

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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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