A look at the weighted underlying holdings of the First Trust CEF Income Opportunity ETF (FCEF) shows an impressive 11.3% of holdings on a weighted basis have experienced insider buying within the past six months. Start slideshow:10 ETFs With Stocks That Insiders Are Buying » Virtus Allianzgi Convertible & Income 2024 Target (CBH), which makes up 0.71% of the First Trust CEF Income Opportunity ETF (FCEF), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.