Insiders Buy the Holdings of FXZ ETF
A look at the weighted underlying holdings of the First Trust Materials AlphaDEX Fund (Symbol: FXZ) shows an impressive 11.4% of holdings on a weighted basis have experienced insider buying within the past six months.
Cleveland-Cliffs Inc (Symbol: CLF), which makes up 3.02% of the First Trust Materials AlphaDEX Fund (Symbol: FXZ), has seen 5 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $15,932,839 worth of CLF, making it the #17 largest holding. The table below details the recent insider buying activity observed at CLF:
CLF — last trade: $23.79 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/19/2021 | Keith Koci | EVP & President, CC Services | 10,000 | $21.83 | $218,270 |
| 11/30/2021 | Celso L. Goncalves Jr. | EVP, CFO | 5,000 | $20.13 | $100,628 |
| 12/01/2021 | Lourenco Goncalves | Chairman, President & CEO | 50,000 | $19.77 | $988,250 |
| 12/10/2021 | Ralph S. Michael III | Director | 10,000 | $20.11 | $201,060 |
| 11/29/2021 | Celso L. Goncalves Jr. | EVP, CFO | 5,000 | $21.18 | $105,895 |
| 12/13/2021 | Robert P. Fisher Jr. | Director | 5,000 | $19.92 | $99,598 |
And Fastenal Co. (Symbol: FAST), the #30 largest holding among components of the First Trust Materials AlphaDEX Fund (Symbol: FXZ), shows 4 directors and officers as recently filing Form 4’s indicating purchases. The ETF holds $4,645,282 worth of FAST, which represents approximately 0.88% of the ETF’s total assets at last check. The recent insider buying activity observed at FAST is detailed in the table below:
FAST — last trade: $61.54 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/04/2021 | Daniel L. Johnson | Director | 1,000 | $55.48 | $55,475 |
| 09/08/2021 | Michael J. Ancius | Director | 265 | $54.09 | $14,334 |
| 09/13/2021 | Hsenghung Sam Hsu | Director | 1,000 | $53.20 | $53,200 |
| 10/15/2021 | Sarah N. Nielsen | Director | 1,000 | $55.76 | $55,760 |
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