Insider Buying Signals in Invesco Energy ETF’s Top Holdings
Recent analysis of the Invesco Dorsey Wright Energy Momentum ETF (PXI) reveals that a notable 12.5% of its weighted underlying holdings have recorded insider buying activity in the past six months.
Among these, Diamondback Energy, Inc. (Symbol: FANG), which constitutes 2.22% of PXI, has attracted attention. According to the latest Form 4 data, three directors and officers purchased shares recently. Overall, the ETF’s stake in FANG amounts to $1,227,021, ranking it as the ETF’s 15th largest holding. Below is a summary of the recent insider trading at FANG:
FANG — Last Trade: $140.58 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/08/2024 | Robert K. Reeves | Director | 2,832 | $180.00 | $509,760 |
| 12/16/2024 | Steven E. West | Director | 6,000 | $162.66 | $975,960 |
| 02/28/2025 | Frank D. Tsuru | Director | 2,000 | $156.51 | $313,020 |
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