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Invesco DWA SmallCap Momentum ETF -- Insider Buying Index Registering 10.2%

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A look at the weighted underlying holdings of the Invesco DWA SmallCap Momentum ETF (Symbol: DWAS) shows an impressive 10.2% of holdings on a weighted basis have experienced insider buying within the past six months.

Eldorado Resorts Inc (Symbol: ERI), which makes up 1.25% of the Invesco DWA SmallCap Momentum ETF (Symbol: DWAS), 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 $5,585,734 worth of ERI, making it the #7 largest holding. The table below details the recent insider buying activity observed at ERI:

ERI - last trade: $48.70 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/24/2018 Thomas Reeg President and CFO 1,500 $43.03 $64,545
08/07/2018 James B. Hawkins Director 4,000 $42.45 $169,814
09/07/2018 Anthony L. Carano Exec VP and COO 1,000 $45.60 $45,600
09/05/2018 James B. Hawkins Director 1,000 $46.50 $46,500

And Neogen Corp (Symbol: NEOG), the #14 largest holding among components of the Invesco DWA SmallCap Momentum ETF (Symbol: DWAS), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,595,583 worth of NEOG, which represents approximately 1.03% of the ETF's total assets at last check. The recent insider buying activity observed at NEOG is detailed in the table below:

NEOG - last trade: $67.72 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/26/2018 James P. Tobin Director 500 $73.37 $36,685
09/26/2018 John Edward Adent President & CEO 4,300 $73.58 $316,394

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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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