A look at the weighted underlying holdings of the MLP ETF ( MLPA ) shows an impressive 42.8% of holdings on a weighted basis have experienced insider buying within the past six months.
Shell Midstream Partners LP (Symbol: SHLX), which makes up 3.28% of the MLP ETF ( MLPA ), 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 $6,175,585 worth of SHLX, making it the #14 largest holding. The table below details the recent insider buying activity observed at SHLX:
SHLX - last trade: $31.14 - Recent Insider Buys:
|12/10/2015||Rob L. Jones||Director||5,000||$33.93||$169,644|
|12/11/2015||Margaret C. Montana||Director||3,000||$33.15||$99,450|
|12/18/2015||Alton G. Smith||Vice President, Operations||3,435||$37.58||$129,087|