The WBI Power Factor High Dividend ETF (WBIY) has 12.5% of its weighted underlying holdings showing insider buying within the last six months, with notable activity in Organon & Co (OGN) and Northwest Bancshares, Inc. (NWBI). Six Organon directors and officers purchased shares recently, totaling approximately $651,626, while two Northwest Bancshares directors purchased shares worth $194,600, potentially signaling positive sentiment from company leadership regarding future performance.
The WBI Power Factor High Dividend ETF (WBIY) demonstrates notable insider conviction, with 12.5% of its weighted underlying holdings experiencing insider buying activities within the past six months, a trend underscored by a 'moderately positive' general sentiment score of 0.65. Specifically, Organon & Co (OGN), which constitutes 1.43% of WBIY and is its 24th largest holding, saw significant purchasing activity; six directors and officers, including the Chief Executive Officer and Chief Financial Officer, acquired shares collectively valued at approximately $651,626 between May 5th and May 14th, 2025, with individual transaction prices ranging from $8.07 to $9.21. This aligns with OGN's strong individual ticker sentiment of 0.7. Similarly, Northwest Bancshares, Inc. (NWBI), accounting for 0.28% of the ETF as its 47th largest holding, recorded insider purchases by two directors totaling $194,600 in January and February 2025, at prices of $13.13 and $12.66 respectively, supporting NWBI's moderately positive sentiment score of 0.6. Such buying by senior insiders is often interpreted as a strong signal of their confidence in the respective companies' future performance and valuation, particularly relevant within an ETF framework focused on high dividend yields and 'power factor' metrics.
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moderately positive
Sentiment Score
0.65
Ticker Sentiment
