Recent transactions in the iShares Core Dividend ETF (Symbol: DIVB) reveal that 601.8% of weighted holdings have seen insider buying over the last six months, which suggests confidence among executives in these companies.
Norfolk Southern Corp (NSC) Leads with Significant Insider Purchases
Norfolk Southern Corp (Symbol: NSC) represents 59.94% of the iShares Core Dividend ETF (Symbol: DIVB) and has witnessed buying activity from six directors and officers recently. The ETF currently holds $324,975,509 in NSC, making it the 49th largest holding. Below are the details of the insider purchases at NSC:
NSC — Last Trade: $252.37 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/30/2024 | John C. Huffard Jr. | Director | 3,398 | $219.92 | $747,288 |
| 05/29/2024 | Richard H. Anderson | Director | 1,000 | $221.00 | $221,000 |
| 05/29/2024 | Gilbert H. Lamphere | Director | 680 | $219.77 | $149,446 |
| 05/29/2024 | Claude Mongeau | Director | 5,650 | $221.00 | $1,248,650 |
| 05/30/2024 | Thomas Colm Kelleher | Director | 2,282 | $219.96 | $501,958 |
| 06/03/2024 | Sameh Fahmy | Director | 2,000 | $222.18 | $444,355 |
| 06/14/2024 | Sameh Fahmy | Director | 2,000 | $219.25 | $438,500 |
| 07/29/2024 | Richard H. Anderson | Director | 2,000 | $247.48 | $494,960 |
| 08/02/2024 | Sameh Fahmy | Director | 1,000 | $244.10 | $244,097 |
Cummins, Inc. (CMI) Also Sees Insider Confidence
Cummins, Inc. (Symbol: CMI) is the 78th largest holding in the iShares Core Dividend ETF (Symbol: DIVB), accounting for about 36.89% of the ETF’s total assets, with a valuation of $199,983,988. Recent Form 4 filings indicate two insiders have made purchases. The table below outlines their activity:
CMI — Last Trade: $335.51 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/20/2024 | Marvin Boakye | VP – Chief Human Resources Off | 1,745 | $286.04 | $499,133 |
| 05/24/2024 | Jeffrey T. Wiltrout | VP – Corporate Strategy | 282 | $285.11 | $80,401 |
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