Insiders Bullish on Certain Holdings of FTA

By | August 23, 2016

A look at the weighted underlying holdings of the First Trust Large Cap Value AlphaDEX Fund ( FTA ) shows an impressive 11.8% of holdings on a weighted basis have experienced insider buying within the past six months.

Mosaic Co (Symbol: MOS), which makes up 0.90% of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), 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 $ 7,364,279 worth of MOS, making it the #22 largest holding. The table below details the recent insider buying activity observed at MOS:

MOS – last trade: $ 28.07 – Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/14/2016 Gregory L. Ebel Director 9,000 $ 29.56 $ 266,055

And Alcoa, Inc. (Symbol: AA), the #159 largest holding among components of the First Trust Large Cap Value AlphaDEX Fund ( FTA ), shows 3 directors and officers as recently filing Form 4’s indicating purchases. The ETF holds $ 1,461,342 worth of AA, which represents approximately 0.18% of the ETF’s total assets at last check. The recent insider buying activity observed at AA is detailed in the table below:

AA – last trade: $ 10.27 – Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/20/2016 Ratan Tata Director 2,150 $ 10.37 $ 22,285
04/20/2016 Martin Sorrell Director 2,100 $ 10.36 $ 21,746
04/26/2016 Ulrich Schmidt Director 5,000 $ 10.25 $ 51,250
07/13/2016 Martin Sorrell Director 1,990 $ 10.74 $ 21,363
07/13/2016 Ratan Tata Director 2,045 $ 10.72 $ 21,932
07/20/2016 Ulrich Schmidt Director 5,000 $ 10.40 $ 52,000

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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.

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