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Strong Insider Buying Reported in XES Holdings

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A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES ) shows an impressive 25.2% of holdings on a weighted basis have experienced insider buying within the past six months.

Frank's International N.V. (Symbol: FI), which makes up 2.92% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES ), 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 $5,122,796 worth of FI, making it the #11 largest holding. The table below details the recent insider buying activity observed at FI:

FI - last trade: $15.47 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/07/2015 D. Keith Mosing See Remarks 67,000 $14.95 $1,001,583
08/10/2015 Michael C. Kearney Director 7,000 $15.58 $109,042

And Bristow Group Inc (Symbol: BRS), the #27 largest holding among components of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,148,872 worth of BRS, which represents approximately 2.37% of the ETF's total assets at last check. The recent insider buying activity observed at BRS is detailed in the table below:

BRS - last trade: $23.63 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/11/2015 Jonathan Baliff President and CEO 3,500 $29.03 $101,605
11/11/2015 L. Don Miller See Remarks 900 $28.92 $26,031

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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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