Strong Insider Buying Found in the Underlying Holdings of FYT
ETF Channel Staff - Wednesday, September 6, 9:54 AMA look at the weighted underlying holdings of the First Trust Small Cap Value AlphaDEX Fund (FYT) shows an impressive 20.8% of holdings on a weighted basis have experienced insider buying within the past six months.
Renasant Corp (RNST), which makes up 0.49% of the First Trust Small Cap Value AlphaDEX Fund (FYT), 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 $851,943 worth of RNST, making it the #79 largest holding. The table below details the recent insider buying activity observed at RNST:
RNST — last trade: $27.13 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
04/07/2023 |
Neal A. Holland Jr. |
Director |
500 |
$30.00 |
$15,000 |
05/03/2023 |
John Foy |
Director |
3,000 |
$25.95 |
$77,850 |
05/10/2023 |
Curtis J. Perry |
EVP |
10,000 |
$24.45 |
$244,495 |
And WesBanco Inc (WSBC), the #80 largest holding among components of the First Trust Small Cap Value AlphaDEX Fund (FYT), shows 5 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $830,735 worth of WSBC, which represents approximately 0.48% of the ETF's total assets at last check. The recent insider buying activity observed at WSBC is detailed in the table below:
WSBC — last trade: $25.77 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
05/04/2023 |
Denise H. Knouse-snyder |
Director |
500 |
$21.45 |
$10,727 |
05/08/2023 |
Robert J. Fitzsimmons |
Director |
9,500 |
$22.79 |
$216,505 |
05/08/2023 |
Robert J. Fitzsimmons |
Director |
15,500 |
$23.10 |
$358,121 |
05/09/2023 |
Jeffrey H. Jackson |
SEVP & COO |
5,000 |
$22.34 |
$111,688 |
05/19/2023 |
Scott A. Love |
EVP - Wealth Management |
1,000 |
$24.40 |
$24,403 |
06/08/2023 |
Gregory S. Proctor Jr. |
Director |
3,500 |
$28.08 |
$98,268 |