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Strong Insider Buying Reported in MLPX Holdings

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A look at the weighted underlying holdings of the MLP and Energy Infrastructure ETF ( MLPX ) shows an impressive 41.5% of holdings on a weighted basis have experienced insider buying within the past six months.

Kinder Morgan Inc. (Symbol: KMI), which makes up 9.53% of the MLP and Energy Infrastructure ETF ( MLPX ), 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 $8,349,948 worth of KMI, making it the #3 largest holding. The table below details the recent insider buying activity observed at KMI:

KMI - last trade: $18.08 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/30/2017 Richard D. Kinder Executive Chairman 500,000 $18.58 $9,289,250
05/31/2017 Dax Sanders VP, Corporate Development 2,600 $18.60 $48,371
07/31/2017 William A. Smith Director 4,903 $20.24 $99,219

And Cheniere Energy Inc. (Symbol: LNG), the #10 largest holding among components of the MLP and Energy Infrastructure ETF ( MLPX ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,647,760 worth of LNG, which represents approximately 5.30% of the ETF's total assets at last check. The recent insider buying activity observed at LNG is detailed in the table below:

LNG - last trade: $50.35 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/16/2017 Sean N. Markowitz General Counsel & Corp Sec 1,000 $42.10 $42,099
08/16/2017 Michael J. Wortley EVP and CFO 5,000 $41.96 $209,797
09/11/2017 Jack A. Fusco President and CEO 23,750 $42.32 $1,005,041

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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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