SPDR S&P Bank ETF -- Insider Buying Index Registering 12.1%
Fri, Feb 15, 10:46 AM ET, by ETF Channel
A look at the weighted underlying holdings of the SPDR S&P Bank ETF (KBE) shows an impressive 12.1% of holdings on a weighted basis have experienced insider buying within the past six months.
Valley National Bancorp (VLY), which makes up 2.07% of the SPDR S&P Bank ETF (KBE), 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 $40,622,803 worth of VLY, making it the #40 largest holding. The table below details the recent insider buying activity observed at VLY: VLY — last trade: $10.06 — Recent Insider Buys:
| Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
| 11/15/2012 |
Peter J. Baum |
Director |
1,000 |
$8.66 |
$8,663.10 |
| 11/14/2012 |
Barnett Rukin |
Director |
2,700 |
$8.76 |
$23,652.00 |
| 11/15/2012 |
Peter P. Crocitto |
Senior EVP & COO, Director |
1,000 |
$8.81 |
$8,808.00 |
| 11/15/2012 |
Gerald H. Lipkin |
Chairman, President and CEO |
4,670 |
$8.89 |
$41,533.11 |
| 11/15/2012 |
Eric P. Edelstein |
Director |
2,000 |
$8.73 |
$17,460.00 |
| 11/19/2012 |
Robert Meyer |
Executive Vice President |
2,500 |
$9.18 |
$22,946.70 |
| 11/16/2012 |
James G. Lawrence |
Executive Vice President |
2,000 |
$8.94 |
$17,880.00 |
Read the original article at ETF Channel: SPDR S&P Bank ETF -- Insider Buying Index Registering 12.1%
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