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MoneyETFs & Mutual Funds

Strong Insider Buying Found in the Underlying Holdings of XME

ETFChannel
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ETFChannel
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This article is more than 10 years old.

A look at the weighted underlying holdings of the SPDR S&P Metals and Mining ETF (XME) shows an impressive 20.1% 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 »

Freeport-McMoran Copper & Gold (NYSE: FCX), which makes up 3.05% of the SPDR S&P Metals and Mining ETF (XME), 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 $17,434,285 worth of FCX, making it the #12 largest holding. The table below details the recent insider buying activity observed at FCX:

FCX — last trade: $29.02 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/01/2013 J. Bennett Johnston 16,000 $31.48 $503,614.40
06/03/2013 James C. Flores Vice Chairman of the Board 1,100,000 $31.17 $34,290,840.00
07/26/2013 James C. Flores Vice Chairman of the Board 517,350 $28.65 $14,821,062.50
07/30/2013 James R. Moffett Chairman of the Board 1,000,000 $28.53 $28,529,582.40
08/01/2013 Bobby Lee Lackey 1,800 $29.09 $52,355.70
08/02/2013 Gerald J. Ford 1,000,000 $29.18 $29,175,530.00

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And Alcoa, Inc. (NYSE: AA), the #14 largest holding among components of the SPDR S&P Metals and Mining ETF (XME), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $17,302,080 worth of AA, which represents approximately 3.02% of the ETF's total assets at last check. The recent insider buying activity observed at AA is detailed in the table below:

AA — last trade: $8.00 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/12/2013 Martin Sorrell Director 2,445 $8.20 $20,040.69
04/12/2013 Ratan Tata Director 2,510 $8.20 $20,573.47
07/11/2013 Ratan Tata Director 2,470 $8.05 $19,878.56
07/11/2013 Martin Sorrell Director 2,470 $8.04 $19,853.86
ETFChannel
ETFChannel