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Strong Insider Buying Found in the Underlying Holdings of MLPA

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:

Purchased Insider Title Shares Price/Share Value
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

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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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