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If you like to follow the trades of institutional investors (a.k.a. the “Smart Money”), you may be interested in this list.

Here we present a screen of momentum plays, exhibiting the “golden cross” in which the stock’s 50-day moving average crosses above its 200-day moving average. We screened these stocks for those with low beta (under 1), which indicates that volatility is lower than the overall market. Finally, we screened these names for those seeing significant net institutional buying over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month.


(Click to enlarge)

Do you think these stocks will keep moving upward? Use this list as a starting-off point for your own analysis.

List sorted by net institutional shares purchased as a percent of share float.

1. Iridium Communications Inc. (NASDAQ:IRDM): Communication Equipment Industry. Market cap of $602.52M. Beta at 0.12. SMA50 at $8.55 vs. SMA200 at $8.53 (current price at $8.72). Net institutional shares purchased over the current quarter at 2.0M, which is 4.81% of the company's share float. The stock is a short squeeze candidate, with a short float at 20.88% (equivalent to 19. days of average volume). The stock has lost 14.92% over the last year.

2. Monro Muffler Brake Inc. (NASDAQ:MNRO): Auto Parts Industry. Market cap of $1.13B. Beta at 0.44. SMA50 at $33.42 vs. SMA200 at $32.69 (current price at $35.83). Net institutional shares purchased over the current quarter at 880.1K, which is 3.12% of the company's share float. The stock is a short squeeze candidate, with a short float at 12% (equivalent to 11.03 days of average volume). The stock has had a good month, gaining 12.99%.

3. Natural Resource Partners LP (NYSE:NRP): Industrial Metals & Minerals Industry. Market cap of $3.65B. Beta at 0.68. SMA50 at $32.22 vs. SMA200 at $32.17 (current price at $34.28). Net institutional shares purchased over the current quarter at 1.6M, which is 2.90% of the company's share float. The stock has had a good month, gaining 11.71%.

4. Snyder's-Lance, Inc. (NASDAQ:LNCE): Processed & Packaged Goods Industry. Market cap of $1.41B. Beta at 0.54. SMA50 at $21.19 vs. SMA200 at $21.07 (current price at $21.20). Net institutional shares purchased over the current quarter at 637.2K, which is 1.45% of the company's share float. The stock is a short squeeze candidate, with a short float at 5.12% (equivalent to 6.9 days of average volume). The stock has gained 35.44% over the last year.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 4 Low-Beta Momentum Plays Being Bought up by the Smart Money