Insiders Buy the Holdings of DVND ETF

The Touchstone Dividend Select ETF (DVND) reports that 10.7% of its weighted holdings have seen insider buying over the past six months. A notable example is International Flavors & Fragrances Inc. (IFF), a 1.16% holding, where five directors and officers, including CEO J. Erik Fyrwald, made substantial share purchases in 2025 at prices generally above the current trading price of $70.62. This widespread insider activity suggests strong internal confidence in IFF's outlook.

Analysis

A significant 10.7% of the weighted portfolio of the Touchstone Dividend Select ETF (DVND) has been subject to insider buying over the last six months, a notable indicator of conviction within its underlying holdings. The case of International Flavors & Fragrances Inc. (IFF), a 1.16% position in the ETF, is particularly compelling. Five IFF directors and officers, including CEO J. Erik Fyrwald, have executed substantial share purchases, with the CEO's transactions alone totaling nearly $4 million. Critically, these purchases were made at prices ranging from approximately $74 to over $80 per share, which is significantly above the stock's last traded price of $70.62. This pricing discrepancy suggests that IFF's management not only believes the company is undervalued at current levels but saw value at even higher price points, signaling strong internal confidence in the firm's operational outlook and future performance.

Key Decisions for Investors

• Investors may view the substantial insider buying at International Flavors & Fragrances (IFF) at prices well above the current market price as a strong signal of undervaluation and management confidence, potentially warranting a bullish stance on the stock.
• For those invested in the Touchstone Dividend Select ETF (DVND), the high percentage of holdings with insider buying serves as a positive confirmation of the ETF's stock-selection criteria, suggesting its components may be well-positioned for future appreciation.
• It is prudent to monitor IFF's stock performance relative to the insider purchase prices; a narrowing of this gap could indicate the beginning of a positive re-rating, while a widening could present a deeper value opportunity if the fundamental thesis remains intact.