Markets

First Trust Energy AlphaDEX Fund -- Insider Buying Index Registering 10.2%

A look at the weighted underlying holdings of the First Trust Energy AlphaDEX Fund (Symbol: FXN) shows an impressive 10.2% of holdings on a weighted basis have experienced insider buying within the past six months.

Chesapeake Energy Corp. (Symbol: CHK), which makes up 3.30% of the First Trust Energy AlphaDEX Fund (Symbol: FXN), 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 $53,408,452 worth of CHK, making it the #7 largest holding. The table below details the recent insider buying activity observed at CHK:

CHK - last trade: $7.12 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/17/2016 Thomas L. Ryan Director 50,000 $5.59 $279,650
08/22/2016 Archie W. Dunham Director 350,000 $6.07 $2,125,025
09/20/2016 Archie W. Dunham Director 1,000,000 $6.67 $6,668,900

And PBF Energy Inc (Symbol: PBF), the #30 largest holding among components of the First Trust Energy AlphaDEX Fund (Symbol: FXN), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $28,467,634 worth of PBF, which represents approximately 1.76% of the ETF's total assets at last check. The recent insider buying activity observed at PBF is detailed in the table below:

PBF - last trade: $23.78 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/09/2016 Thomas L. O'Connor Senior Vice President 10,000 $21.73 $217,300
09/09/2016 Thomas J. Nimbley Chief Executive Officer 50,000 $21.84 $1,092,000

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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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