Foreign Institutions Taking the Lead in Selling One Million Shares in June, Popular ETF Shrinks in Dividend Distribution Causing Stock Investors' Uproar

Reported 12 months ago

FTNN News Network reported on July 1, 2024, that the ETF Fuhua Taiwan Technology Optimal Dividend (00929) which offers monthly dividends has over 770,000 shareholders. After consecutively distributing 0.2 yuan per share for three months since going public, the 4th dividend distribution shows a decrease to 0.18 yuan per share, sparking complaints from shareholders. Foreign institutions sold 416,000 shares of 00929 in June, and proprietary traders sold 644,000 shares, causing concern among investors about a possible stock market downturn. Despite the complaints, some shareholders remain positive about the dividend yield exceeding 10% annually.

Source: YAHOO

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