According to the latest top ten shareholders list, high-dividend ETFs have become major shareholders of financial holdings, accumulating approximately 3 million shares over the past year. This increase in holdings has offset some selling pressure from foreign sovereign funds, providing strong support for the share price of financial holdings.

Key high-dividend ETFs, such as Yuanta High Dividend (0056), Cathay Sustainable High Dividend, and KGI Taiwan Select High Dividend, have consistently been the main buyers of financial holdings. Recently, changes in the stock swap period for some high-dividend ETFs have created a situation of domestic and foreign players competing.

Observing the annual top ten shareholders list of financial holdings shows trends in recent years. Previously, insurance companies dominated the buying, but in the last two years, foreign sovereign funds have been reinvesting, and recently, domestic ETFs have taken the lead once again. Notably, with the exception of the Taiwan 50, which is not focused on high dividends among the top ten shareholders of Heku Financial, other major increase contributors are all high-dividend ETFs.

In the past year, foreign sovereign funds have prioritized adjusting their holdings over increasing them. According to data from various financial holdings, only Cathay Financial, Yuanta Financial, and Shin Kong Financial have increased their investments, while Yongfeng Financial remained unchanged. Huang Wenqing, the deputy general manager of Taishin Investment Advisory, analyzed that ETFs focused on high dividends have become a key investment segment due to the stable characteristics of financial holdings, high cash dividend yields, and good visibility.