Shares of iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE – Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$9.33 and last traded at C$9.33, with a volume of 20120 shares trading hands. The stock had previously closed at C$9.30.
iShares Canadian Financial Monthly Income ETF Common Class Stock Performance
The stock’s 50-day simple moving average is C$9.04 and its two-hundred day simple moving average is C$8.60.
About iShares Canadian Financial Monthly Income ETF Common Class
The investment objective of the Fund is to maximize total return for investors, consisting of distributions and capital appreciation. To achieve funds objective the investment strategy of the Fund is to invest its net assets, together with borrowings under its loan facility, in a portfolio consisting primarily of common shares, preferred shares, corporate bonds and income trust units of issuers in the Canadian financial sector.
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