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Insiders Bullish on Certain Holdings of PSCF

A look at the weighted underlying holdings of the Invesco S&P SmallCap Financials ETF (PSCF) shows an impressive 10.3% of holdings on a weighted basis have experienced insider buying within the past six months.

Northwest Bancshares, Inc. (Symbol: NWBI), which makes up 0.66% of the Invesco S&P SmallCap Financials ETF (PSCF), has seen 4 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $339,160 worth of NWBI, making it the #64 largest holding. The table below details the recent insider buying activity observed at NWBI:

NWBI — last trade: $13.68 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/09/2021 Timothy M. Hunter Director 10,000 $13.50 $134,970
02/18/2021 Mark T. Reitzes Sr. EVP Commercial Banking 9,200 $13.62 $125,273
02/19/2021 Mark T. Reitzes Sr. EVP Commercial Banking 1,725 $13.80 $23,814
02/17/2021 Mark T. Reitzes Sr. EVP Commercial Banking 3,650 $13.73 $50,114
02/22/2021 Mark T. Reitzes Sr. EVP Commercial Banking 2,110 $14.07 $29,696
05/13/2021 Timothy M. Hunter Director 10,000 $13.88 $138,803
05/28/2021 David M. Tullio Director 4,000 $14.09 $56,340
06/03/2021 William F. McKnight Director 1,600 $14.16 $22,656

And Veritex Holdings Inc (Symbol: VBTX), the #71 largest holding among components of the Invesco S&P SmallCap Financials ETF (PSCF), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $322,084 worth of VBTX, which represents approximately 0.62% of the ETF's total assets at last check. The recent insider buying activity observed at VBTX is detailed in the table below:

VBTX — last trade: $33.62 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
01/29/2021 John Sughrue Director 2,500 $25.94 $64,850
03/15/2021 Arcilia Acosta Director 10,000 $32.79 $327,885
04/30/2021 Jim Recer Chief Banking Officer 587 $34.04 $19,980

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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.

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