Many investors watch institutional purchases very closely because of their ability to buy a large number of shares at a time, called blocks of shares. These large purchases can have a significant impact on the stock price. And since these hedge funds house some of the smartest and most experienced traders, they are often referred to as “smart money”, and it is considered a strong vote of confidence when they are net purchasing a stock.
The list below has dividend yields between 1%-7%, with positive payout ratios under 50%. We took that list and checked for oversold conditions according to the RSI(14) with levels under 30. Then we used those names and checked for stocks that are showing institutional purchases. Do you agree with the “smart money”? List sorted by dividend yield: 1. Campbell Soup Co. (CPB), 2. BankUnited, Inc. (BKU), 3. Xyratex Ltd. (XRTX), 4. Bancolombia S.A. (CIB) and 5. Cal-Maine Foods, Inc. (CALM).
Source: Kapitall
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