A look at the weighted underlying holdings of the iShares Core Dividend Growth ETF ( DGRO ) shows an impressive 12.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Legg Mason, Inc. (Symbol: LM), which makes up 0.03% of the iShares Core Dividend Growth ETF ( DGRO ), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $200,230 worth of LM, making it the #295 largest holding. The table below details the recent insider buying activity observed at LM:
LM - last trade: $33.02 - Recent Insider Buys:
|01/26/2016||Joseph A. Sullivan||Chairman, President & CEO||25,000||$29.81||$745,250|
|01/26/2016||Peter Nachtwey||Exec VP & CFO||20,000||$29.92||$598,400|
|01/26/2016||John V. Murphy||Director||5,000||$29.74||$148,700|
|01/26/2016||John H. Myers||Director||2,000||$29.77||$59,540|
|01/26/2016||W. Allen Reed||Director||10,000||$29.68||$296,800|
|01/26/2016||Dennis M. Kass||Director||3,500||$29.80||$104,300|
|06/06/2016||Carol Anthony Davidson||Director||3,000||$33.92||$101,760|
And Meredith Corp (Symbol: MDP), the #320 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $160,659 worth of MDP, which represents approximately 0.03% of the ETF's total assets at last check. The recent insider buying activity observed at MDP is detailed in the table below:
MDP - last trade: $55.86 - Recent Insider Buys:
|02/10/2016||Donald C. Berg||Director||1,115||$38.50||$42,928|
|06/10/2016||Meredith D. Mell Frazier||Director||15,628||$51.23||$800,701|
|06/10/2016||Edwin T. Meredith IV||15,628||$51.23||$800,701|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.