Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Hits New 52-Week High – Should You Buy?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAXGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.92 and last traded at C$16.92, with a volume of 305659 shares traded. The stock had previously closed at C$16.72.

Hamilton Canadian Financials Yield Maximizer ETF Price Performance

The stock’s 50 day moving average is C$16.12 and its 200-day moving average is C$16.10.

Hamilton Canadian Financials Yield Maximizer ETF Company Profile

(Get Free Report)

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.

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