A look at the weighted underlying holdings of the SPDR S&P Metals and Mining ETF (AMEX: XME) shows an impressive 11.5% of holdings on a weighted basis have experienced insider buying within the past six months.
Click here to find out 10 ETFs With Stocks That Insiders Are Buying »
Alcoa, Inc. (NYSE: AA), which makes up 3.64% of the SPDR S&P Metals and Mining ETF (AMEX: XME), 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 $17,732,265 worth of AA, making it the #2 largest holding. The table below details the recent insider buying activity observed at AA:
AA — last trade: $16.35 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 07/11/2014 | Ratan Tata | Director | 1,260 | $15.88 | $20,005.02 |
| 07/11/2014 | Martin Sorrell | Director | 1,260 | $15.89 | $20,016.99 |
| 07/21/2014 | Michael G. Morris | Director | 30,120 | $16.54 | $498,214.92 |
| 10/15/2014 | Ratan Tata | Director | 1,440 | $13.90 | $20,010.24 |
| 10/15/2014 | Martin Sorrell | Director | 1,440 | $13.87 | $19,967.04 |
And Cliffs Natural Resources, Inc. (NYSE: CLF), the #27 largest holding among components of the SPDR S&P Metals and Mining ETF (AMEX: XME), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $11,611,308 worth of CLF, which represents approximately 2.38% of the ETF's total assets at last check. The recent insider buying activity observed at CLF is detailed in the table below:
CLF — last trade: $8.54 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/21/2014 | Robert P. Fisher Jr. | Director | 6,000 | $16.46 | $98,733.00 |
| 09/08/2014 | Gabriel Stoliar | Director | 7,246 | $13.76 | $99,694.82 |
| 09/12/2014 | John T. Baldwin | Director | 3,000 | $14.26 | $42,780.00 |
| 09/11/2014 | Douglas C. Taylor | Director | 7,200 | $13.95 | $100,440.00 |
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes.
