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Morningstar Wide Moat ETF -- Insider Buying Index Registering 12.0%

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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (Symbol: MOAT) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.

TransDigm Group Inc (Symbol: TDG), which makes up 2.43% of the Morningstar Wide Moat ETF (Symbol: MOAT), 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 $26,231,171 worth of TDG, making it the #20 largest holding. The table below details the recent insider buying activity observed at TDG:

TDG - last trade: $250.84 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/01/2016 Raymond F. Laubenthal Director 7,200 $245.39 $1,766,839
12/06/2016 Robert J. Small Director 82,695 $245.86 $20,331,796
12/13/2016 Robert J. Small Director 91,978 $247.22 $22,739,203
03/14/2017 Robert J. Small Director 104,967 $232.95 $24,451,849

And Biogen Inc (Symbol: BIIB), the #30 largest holding among components of the Morningstar Wide Moat ETF (Symbol: MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $24,288,061 worth of BIIB, which represents approximately 2.25% of the ETF's total assets at last check. The recent insider buying activity observed at BIIB is detailed in the table below:

BIIB - last trade: $271.34 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/27/2017 Michel Vounatsos Chief Executive Officer 1,333 $285.39 $380,425
04/27/2017 Alexander J. Denner Director 73,858 $278.50 $20,569,476
05/01/2017 Michel Vounatsos Chief Executive Officer 1,402 $271.35 $380,433

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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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