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Materials Select Sector SPDR Fund -- Insider Buying Index Registering 20.0%

A look at the weighted underlying holdings of the Materials Select Sector SPDR Fund (Symbol: XLB) shows an impressive 20.0% of holdings on a weighted basis have experienced insider buying within the past six months.

Sealed Air Corp. (Symbol: SEE), which makes up 2.04% of the Materials Select Sector SPDR Fund (Symbol: XLB), 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 $41,796,783 worth of SEE, making it the #20 largest holding. The table below details the recent insider buying activity observed at SEE:

SEE - last trade: $45.97 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
06/17/2015 William J. Marino Director 3,213 $49.76 $159,877
08/03/2015 Neil Lustig Director 1,000 $53.35 $53,350
08/19/2015 Kenneth P. Manning Director 3,000 $54.00 $162,000

And FMC Corp. (Symbol: FMC), the #27 largest holding among components of the Materials Select Sector SPDR Fund (Symbol: XLB), shows 6 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $19,831,257 worth of FMC, which represents approximately 0.97% of the ETF's total assets at last check. The recent insider buying activity observed at FMC is detailed in the table below:

FMC - last trade: $32.93 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/01/2015 Robert C. Pallash Director 3,680 $41.52 $152,794
09/01/2015 Dirk A. Kempthorne Director 485 $40.98 $19,873
09/01/2015 Paul J. Norris Director 7,000 $41.02 $287,140
09/01/2015 Vincent R. Volpe Jr. Director 12,200 $40.94 $499,505
09/01/2015 G. Peter Daloia Director 15,000 $40.95 $614,250
09/01/2015 Paul W. Graves Exec VP and CFO 3,342 $40.84 $136,487

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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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