Insider Buy ·Filed Jul 7, 2026
Insider cluster: 1 insiders, $1.5M total
Actionable Insight ▲ Bullish
The President's standalone open-market purchase suggests the fund's shares may be undervalued relative to NAV. Monitor the fund's discount/premium to NAV and upcoming portfolio disclosures for confirmation of the insider's positive thesis.
Price Chart
Loading chart...
Executive Summary
President Michael D. Peck purchased $1.5M of FTECX shares on the open market at $9.42 per share on July 2, 2026. This is a sizable conviction buy by a C-suite insider, signaling confidence in the fund's value.
Key Financial Metrics
Direction
buying
Total Value
$1.5M
Insiders
1
Key Facts
- President Michael D. Peck bought 159.2K shares at $9.42 for a total of $1.5M.
- The purchase was on the open market (code P) on July 2, 2026.
- Total insider buy over the past 30 days is $1.5M (1 transaction).
Financial Impact
$1.5M invested by the President at $9.42 per share.
insider ownership
Risk Factors
- The fund's performance is tied to credit markets, which could deteriorate regardless of insider confidence.
- A single insider buy, while meaningful, does not guarantee a subsequent price increase.
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001732966-26-000012 |
2 reports for FTECX
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 7, 2026 15w ago | Insider Cluster | — | awaiting T+20 | — | — |
Jul 7, 2026 15w ago | Insider Buy | — | awaiting T+20 | — | — |
Showing 2 of 2
US Market Status
Market Open — Closes in 4h 27m
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers