As the sun rises on the financial horizon, the Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) reveals fascinating insights. A remarkable 11.0% of its weighted holdings have witnessed insider buying over the recent half-year.
Lumen Technologies Inc: Illuminating Insider Movements
Lumen Technologies Inc, symbol LUMN, shines as a beacon in the ETF portfolio, constituting 3.43% of the total assets. A melodious tune to investors’ ears, five directors and officers have waltzed into the market to purchase shares in the last six months, a fact unveiled by the latest Form 4 data. The ETF cradles $513,560 worth of LUMN, nestling it snugly at the 13th spot. Let’s delve into the recent insider buying spree at LUMN:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/02/2023 | Kathleen E. Johnson | President & CEO | 1,000,000 | $0.97 | $970,000 |
Gogo Inc: Flying High with Insider Confidence
Gogo Inc, symbol GOGO, may be the 29th largest holding in the PSCU components, yet its significance is sky-high. Two directors and officers have recently signaled their bullish sentiments through notable Form 4 filings. The ETF cradles $156,376 worth of GOGO, representing around 1.04% of its total assets. Let’s soar into the details of the recent insider buying activity at GOGO:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 03/01/2024 | Charles C. Townsend | Director | 289,654 | $8.32 | $2,410,844 |
10 ETFs With Stocks That Insiders Are Buying »
Also see:
CODI Options Chain
WBD RSI
PTY Dividend History
The melodies of the market ring strong, but remember that views expressed here are those of the author and not necessarily Nasdaq, Inc.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
