By Market News Video Staff, Monday, May 21, 9:57 AM ET
A look at the weighted underlying holdings of the S&P 500 High Beta Portfolio (AMEX:SPHB) shows an impressive 17.2% of holdings on a weighted basis have experienced insider buying within the past six months.
Alcoa, Inc. (NYSE:AA), which makes up 0.95% of the S&P 500 High Beta Portfolio (AMEX:SPHB), 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 $633,461 worth of AA, making it the #48 largest holding. The table below details the recent insider buying activity observed at AA:
AA — last trade: $8.43 — Recent Insider Buys:
Purchased
Insider
Title
Shares
Price/Share
Value
01/11/2012
Ratan Tata
Director
1,985
$9.42
$18,692.55
04/12/2012
Ratan Tata
Director
1,830
$10.24
$18,737.92
04/16/2012
Martin Sorrell
Director
1,848
$9.85
$18,197.07
And Cliffs Natural Resources, Inc. (NYSE:CLF), the #62 largest holding among components of the S&P 500 High Beta Portfolio (AMEX:SPHB), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $613,293 worth of CLF, which represents approximately 0.92% of the ETF's total assets at last check. The recent insider buying activity observed at CLF is detailed in the table below:
This Article's Word Cloud:AMEXAffairsBetaBuysDirectorFormHighInsiderLegalNYSEPortfolioPricePurchasedRatanRecentSPHBShareSharesSustainTataTitleValueWithactivityamongapproximatelybelowbuyingdirectorsholdingholdingsholdsimpressiveinsiderlargestlastmonthsobservedofficerspastrecentseenshowsslideshowtabletotaltradeweightedwhichworth
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