5 Dow Stocks Billionaire Money Managers Can't Stop Buying
For more than a century, the Dow Jones Industrial Average (DJINDICES: ^DJI) has been the most widely followed stock index. What was once a 12-stock index packed with industrial companies in the late 1800s has grown into a 30-component index filled with multinational, time-tested businesses.
When market volatility picks up -- as it has since the year began -- it's not uncommon for successful money managers to seek the safety of the mature stocks that comprise the Dow Jones. Form 13F filings with the Securities and Exchange Commission (SEC) by billionaire money managers show this to be true.
Based on the most recent round of 13F filings in mid-May, it's readily apparent that billionaires couldn't stop buying the following five Dow stocks.
Source Fool.com
