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Insiders Buy the Holdings of DGRO ETF

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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:

Purchased Insider Title Shares Price/Share Value
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:

Purchased Insider Title Shares Price/Share Value
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

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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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