Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Sets New 52-Week High – Here’s What Happened

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.84 and last traded at C$16.84, with a volume of 50158 shares trading hands. The stock had previously closed at C$16.77.

Hamilton Canadian Financials Yield Maximizer ETF Trading Down 0.3%

The stock has a 50-day moving average price of C$15.98 and a 200 day moving average price of C$15.96.

About Hamilton Canadian Financials Yield Maximizer ETF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.