A look at the weighted underlying holdings of the SPDR S&P Metals and Mining ETF (XME) shows an impressive 38.9% of holdings on a weighted basis have experienced insider buying within the past six months.
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AK Steel Holding Corp. (NYSE: AKS), which makes up 4.93% of the SPDR S&P Metals and Mining ETF (XME), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,088,871 worth of AKS, making it the #1 largest holding. The table below details the recent insider buying activity observed at AKS:
AKS — last trade: $5.76 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/14/2014 | Ralph S. Michael III | Director | 10,000 | $6.25 | $62,500 |
| 01/29/2015 | Gregory A. Hoffbauer | Controller & Chief Acct. Off. | 3,000 | $3.82 | $11,447 |
| 02/02/2015 | Joseph C. Alter | VP Gen Counsel & Chf Compl Off | 2,000 | $3.79 | $7,574 |
| 02/02/2015 | James L. Wainscott | Chairman, President & CEO | 10,000 | $3.77 | $37,698 |
| 01/30/2015 | Roger K. Newport | Senior V.P., Finance and CFO | 5,000 | $3.80 | $18,990 |
| 01/29/2015 | David C. Horn | EVP, Chief Legal/Adm Off & Sec | 12,000 | $3.73 | $44,752 |
| 01/29/2015 | Vicente Wright | Director | 10,000 | $3.80 | $38,014 |
And Cliffs Natural Resources, Inc. (NYSE: CLF), the #4 largest holding among components of the SPDR S&P Metals and Mining ETF (XME), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $18,094,481 worth of CLF, which represents approximately 4.23% 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: $5.86 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 02/05/2015 | Gabriel Stoliar | Director | 15,015 | $6.69 | $100,450 |
| 02/05/2015 | Joseph A. Rutkowski | Director | 8,000 | $6.35 | $50,800 |
| 03/04/2015 | Lourenco Goncalves | Chairman, President & CEO | 100,000 | $6.50 | $649,530 |
| 03/02/2015 | Michael D. Siegal | Director | 7,200 | $6.81 | $49,012 |
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