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:
|06/17/2015||William J. Marino||Director||3,213||$49.76||$159,877|
|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:
|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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