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Top Buys by Top Brass: CFO Kovar's $462.3K Bet on FOSL
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This ETF Holds Stocks Insiders Want to Own

By Market News Video Staff, Wednesday, August 8, 10:13 AM ET

A look at the weighted underlying holdings of the Direxion NASDAQ-100® Equal Weighted Index Shares (AMEX:QQQE) shows an impressive 10.7% of holdings on a weighted basis have experienced insider buying within the past six months.

Fossil, Inc. (NASDAQ:FOSL), which makes up 1.74% of the Direxion NASDAQ-100® Equal Weighted Index Shares (AMEX:QQQE), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $65,309 worth of FOSL, making it the #4 largest holding. The table below details the recent insider buying activity observed at FOSL:

FOSL — last trade: $91.77 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
05/10/2012 Mike Kovar Executive V.P. and CFO 4,000 $79.15 $316,582.00
05/10/2012 Jeffrey N. Boyer Director 3,100 $80.01 $248,031.00
05/14/2012 James E. Skinner Director 700 $77.67 $54,370.89
05/16/2012 Mike Kovar Executive V.P. and CFO 2,000 $72.86 $145,712.00

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This Article's Word Cloud:   AMEX   Buying   Buys   Director   Direxion   ETFs   Equal   Executive   FOSL   Form   Fossil   Index   Insider   James   Jeffrey   Kovar   Mike   QQQE   Share   Shares   Skinner   Stocks   Title   Value   Weighted   With   according   basis   below   buying   have   holdings   holds   impressive   insider   look   making   months   observed   past   purchase   recent   seen   shares   slideshow   table   trade   weighted   within   worth
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