Hedge Funds Buying These Technology Dividend Stocks

Looking to trade technology stocks that offer dividend income and show the potential to rise in vale? We created a stock list with this in mind.We began by screening the technology industry for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum. But will it continue?

We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future. Only three rallying dividend technology stocks made the final list: 1. ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS), 2. Iron Mountain Inc. (IRM) and 3. Western Digital Corp. (WDC).

Source: Kapitall Wire

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