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:
|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:
|04/30/2021||Jim Recer||Chief Banking Officer||587||$34.04||$19,980|
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