Sentiment is changing for Tech – Small Dividend

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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January 16, 2023

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ATEC.AX | High Conviction Report

On the 3rd of January, ATEC traded ex a $0.0667 dividend franked at a rate of 71.10%.

The ATEC Exchange Traded Fund provides exposure to Australian technology companies. The technology sector in Australia was one of the worst-performing sectors in 2022. The sentiment for the sector has already started to change with a number of companies recovering from their lows. ATEC should continue to recover as the market revaluates the sector over the coming months.

TRADE ACTION –

Stop loss: We will increase the stop loss from $14.25 to $15.00

Target price: We will now place a profit target at $17.75

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.