4 Rallying Dividend Stocks Being Bought Up By Hedge Funds
By Kapitall:Do you like to follow smart money buying trends? For a look at stocks currently favored by smart money institutional investors, we ran a screen.We began by screening for stocks paying dividend yields above 2% and sustainable payout ratios below 50%. We then screened for those stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.Finally, we screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.
For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.
Tool provided by Kapitall.Do you think hedge funds are calling it right on theseComplete Story »
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