A look at the weighted underlying holdings of the First Trust US IPO Index Fund (FPX) shows an impressive 10.5% of holdings on a weighted basis have experienced insider buying within the past six months.
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Groupon Inc. (NASD: GRPN), which makes up 0.49% of the First Trust US IPO Index Fund (FPX), 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 $2,662,629 worth of GRPN, making it the #54 largest holding. The table below details the recent insider buying activity observed at GRPN:
GRPN — last trade: $7.42 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/13/2014 | Jeffrey T. Housenbold | Director | 16,000 | $5.79 | $92,640.00 |
| 11/17/2014 | Daniel T. Henry | Director | 30,000 | $7.75 | $232,557.00 |
And KAR Auction Services Inc. (NYSE: KAR), the #56 largest holding among components of the First Trust US IPO Index Fund (FPX), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,577,633 worth of KAR, which represents approximately 0.48% of the ETF's total assets at last check. The recent insider buying activity observed at KAR is detailed in the table below:
KAR — last trade: $34.25 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/15/2014 | Michael T. Kestner | Director | 2,000 | $29.03 | $58,065.00 |
| 11/26/2014 | Mark E. Hill | Director | 3,000 | $34.56 | $103,693.50 |
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