MCGAREL DAVID purchased ~$196K in First Trust High Yield Opportunities 2027 Term Fund stock
First Trust High Yield Opportunities 2027 Term Fund (FTHY) · Officer-Investment Adviser · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+8.6%vs SPY +3.0%
Trade Details · Public SEC Filing
Insider
MCGAREL DAVID
Role
Officer-Investment Adviser
Transaction
Open-Market Purchase
Approx. Value
~$196K
Trade Date
Jun 18, 2024
Company
First Trust High Yield Opportunities 2027 Term Fund
Ticker
FTHYSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$196K purchase
A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.
Officer-Investment Adviser
Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.
+8.6% in 90 days (S&P 500: +3.0%)
This trade beat the S&P 500 by 5.6 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is MCGAREL DAVID at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On June 18, 2024, MCGAREL DAVID — Officer-Investment Adviser of First Trust High Yield Opportunities 2027 Term Fund — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$196K in First Trust High Yield Opportunities 2027 Term Fund (FTHY) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, FTHY returned +8.6% versus +3.0% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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