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Insiders Buy the Holdings of FTLB ETF

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A look at the weighted underlying holdings of the First Trust Low Beta Income ETF ( FTLB ) shows an impressive 11.6% of holdings on a weighted basis have experienced insider buying within the past six months.

Apple Hospitality REIT Inc (Symbol: APLE), which makes up 1.04% of the First Trust Low Beta Income ETF ( FTLB ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $54,639 worth of APLE, making it the #25 largest holding. The table below details the recent insider buying activity observed at APLE:

APLE - last trade: $18.63 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/11/2016 Glade M. Knight Executive Chairman 2,825 $17.55 $49,579
11/11/2016 Redd Hugh Director 3,000 $17.53 $52,598
11/15/2016 Redd Hugh Director 7,000 $17.91 $125,390
03/03/2017 Glade M. Knight Executive Chairman 2,600 $19.33 $50,258
03/06/2017 Jon A. Fosheim Director 1,500 $19.02 $28,527
03/16/2017 Redd Hugh Director 10,000 $19.11 $191,144

And Hertz Global Holdings Inc (Symbol: HTZ), the #160 largest holding among components of the First Trust Low Beta Income ETF ( FTLB ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $8,659 worth of HTZ, which represents approximately 0.16% of the ETF's total assets at last check. The recent insider buying activity observed at HTZ is detailed in the table below:

HTZ - last trade: $17.45 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/08/2016 Carl C. Icahn 5,000,000 $25.02 $125,100,000
11/10/2016 Carl C. Icahn 746,545 $27.78 $20,739,020
11/11/2016 Tyler Best Exec VP and CIO 14,320 $27.93 $399,916
11/14/2016 Thomas C. Kennedy Senior Executive VP & CFO 10,000 $28.05 $280,530

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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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