A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an impressive 50.9% 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 »
FS Investment Corporation (NYSE: FSIC), which makes up 6.38% of the BDC Income ETF (BIZD), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,068,082 worth of FSIC, making it the #4 largest holding. The table below details the recent insider buying activity observed at FSIC:
FSIC — last trade: $10.51 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 06/12/2014 | Michael Heller | Director | 4,784 | $10.39 | $49,705.76 |
| 06/13/2014 | Thomas Gravina | Director | 15,000 | $10.31 | $154,650.00 |
| 06/13/2014 | Jeffrey Harrow | Director | 10,000 | $10.29 | $102,900.00 |
| 08/01/2014 | Gregory P. Chandler | Director | 1,932 | $10.35 | $19,996.20 |
| 08/04/2014 | David J. Adelman | Director | 49,146 | $10.34 | $508,288.80 |
| 08/04/2014 | Michael C. Forman | Chief Executive Officer | 59,638 | $10.34 | $616,862.98 |
| 08/05/2014 | Michael C. Forman | Chief Executive Officer | 33,805 | $10.35 | $349,868.98 |
| 08/05/2014 | David J. Adelman | Director | 26,305 | $10.35 | $272,246.23 |
| 08/07/2014 | Michael C. Forman | Chief Executive Officer | 38,084 | $10.35 | $394,169.40 |
| 08/07/2014 | David J. Adelman | Director | 26,238 | $10.35 | $271,563.30 |
| 08/12/2014 | David J. Adelman | Director | 132,137 | $10.33 | $1,365,278.72 |
| 08/12/2014 | Michael C. Forman | Chief Executive Officer | 156,709 | $10.33 | $1,619,187.32 |
| 08/13/2014 | Michael C. Forman | Chief Executive Officer | 3,700 | $10.35 | $38,295.00 |
| 08/13/2014 | David J. Adelman | Director | 3,700 | $10.35 | $38,295.00 |
| 08/19/2014 | David J. Adelman | Director | 113,760 | $10.31 | $1,172,636.35 |
| 08/19/2014 | Michael C. Forman | Chief Executive Officer | 113,760 | $10.31 | $1,172,636.35 |
And Apollo Investment Corporation (NASD: AINV), the #5 largest holding among components of the BDC Income ETF (BIZD), shows 4 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,425,381 worth of AINV, which represents approximately 5.04% of the ETF's total assets at last check. The recent insider buying activity observed at AINV is detailed in the table below:
AINV — last trade: $8.53 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/27/2014 | Frank C. Puleo | Director | 3,087 | $8.38 | $25,869.06 |
| 06/02/2014 | Rudolph R. Reinfrank | Director | 5,000 | $8.34 | $41,675.00 |
| 06/10/2014 | Carl Spielvogel | Director | 500 | $8.46 | $4,228.00 |
| 06/12/2014 | Gregory W. Hunt | CFO and Treasurer | 2,856 | $8.48 | $24,218.88 |
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes.
