Moore Cutting Dividend Stocks

Posted by D4L | Thursday, February 23, 2012 | | 0 comments »

Moore Capital Management LLP, the $15 billion hedge fund founded by Louis Moore Bacon, bought an exchange-traded fund that tracks home builders and sold an ETF that tracks the performance of high-dividend paying stocks.

The firm sold 3.55 million shares of iShares DJ Selected Dividend fund, valued at $171.3 million, according to the filing. Moore had purchased the iShares ETF in last year’s third quarter.

Source: Businessweek

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