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Insiders Pile Into Holdings of FXN ETF

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A look at the weighted underlying holdings of the First Trust Energy AlphaDEX Fund ( FXN ) shows an impressive 23.1% of holdings on a weighted basis have experienced insider buying within the past six months.

FMC Technologies, Inc. (Symbol: FTI), which makes up 1.55% of the First Trust Energy AlphaDEX Fund ( FXN ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,141,947 worth of FTI, making it the #33 largest holding. The table below details the recent insider buying activity observed at FTI:

FTI - last trade: $29.25 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/23/2015 Doug Pferdehirt President & COO 30,304 $33.00 $1,000,032
07/24/2015 Sanjay Bhatia VP. Corp. Devel. 3,300 $32.85 $108,396

And Kinder Morgan Inc. (Symbol: KMI), the #59 largest holding among components of the First Trust Energy AlphaDEX Fund ( FXN ), shows 9 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $624,226 worth of KMI, which represents approximately 0.31% of the ETF's total assets at last check. The recent insider buying activity observed at KMI is detailed in the table below:

KMI - last trade: $16.08 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/23/2015 Fayez Sarofim Director 500,000 $35.33 $17,663,830
07/24/2015 Richard D. Kinder Executive Chairman 100,000 $34.97 $3,497,440
08/21/2015 Steven J. Kean President and CEO 7,500 $32.17 $241,245
10/30/2015 Steven J. Kean President and CEO 18,150 $27.43 $497,818
10/30/2015 Dax Sanders V.P. Corporate Development 1,000 $27.40 $27,400
10/30/2015 David R. Deveau V.P. & General Counsel 11,000 $27.40 $301,393
10/30/2015 Thomas A. Martin V.P.(Pres. Nat. Gas Pipelines) 10,000 $27.24 $272,414
11/02/2015 Kimberly A. Dang VP & Chief Financial Officer 2,000 $26.50 $53,000
11/11/2015 Richard D. Kinder Executive Chairman 100,000 $24.69 $2,469,000
11/11/2015 Thomas A. Martin V.P.(Pres. Nat. Gas Pipelines) 10,000 $24.48 $244,800
11/11/2015 Michael C. Morgan Director 126,300 $24.64 $3,112,228
11/13/2015 Ronald G. McClain V.P. (Pres.Products Pipelines) 2,500 $22.82 $57,044
12/10/2015 Dax Sanders V.P. Corporate Development 2,000 $16.93 $33,854

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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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