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Insiders Pile Into Holdings of MLPJ ETF

A look at the weighted underlying holdings of the Junior MLP ETF ( MLPJ ) shows an impressive 23.2% of holdings on a weighted basis have experienced insider buying within the past six months.

Black Stone Minerals LP (Symbol: BSM), which makes up 4.63% of the Junior MLP ETF ( MLPJ ), 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 $278,053 worth of BSM, making it the #7 largest holding. The table below details the recent insider buying activity observed at BSM:

BSM - last trade: $15.07 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/10/2016 William N. Mathis Director 3,979 $13.50 $53,697
03/14/2016 William N. Mathis Director 11,410 $13.71 $156,438
05/13/2016 Ricky J. Haeflinger Director 3,000 $16.09 $48,270

And Calumet Specialty Product Partners LP (Symbol: CLMT), the #28 largest holding among components of the Junior MLP ETF ( MLPJ ), shows 6 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $72,694 worth of CLMT, which represents approximately 1.21% of the ETF's total assets at last check. The recent insider buying activity observed at CLMT is detailed in the table below:

CLMT - last trade: $4.98 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/09/2016 Richard Patrick Murray II EVP and CFO 5,000 $4.01 $20,050
05/09/2016 Bruce A. Fleming EVP - Strategy & Growth 50,000 $4.08 $203,750
05/09/2016 A. Anderson William EVP - Sales 13,000 $4.07 $52,910
05/12/2016 Timothy Go Chief Executive Officer 25,000 $3.82 $95,500
05/17/2016 James S. Carter Director 26,700 $3.72 $99,447
05/18/2016 Stephen P. Mawer Director 11,000 $3.68 $40,439

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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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