Billionaire David Tepper Bought 1 High-Yield Dividend Stock in Q2 and Sold Another. Should You Follow His Lead?
David Tepper's net worth stands at $20.6 billion. The hedge fund manager isn't an income investor for one simple reason: He doesn't need the income.
However, Tepper's Appaloosa hedge fund sometimes owns stocks that many income investors would probably find attractive. The billionaire bought one high-yield dividend stock in the second quarter of 2024 and sold another. Should you follow his lead?
Tepper bought 5,000 shares of United Parcel Service (NYSE: UPS) in Q2. This move increased Appaloosa's stake in the package delivery and logistics company by 0.83%.
Source Fool.com