iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.47 and last traded at C$9.45, with a volume of 64323 shares traded. The stock had previously closed at C$9.43.
iShares Canadian Financial Monthly Income ETF Common Class Stock Up 0.3%
The company’s 50 day moving average price is C$9.28 and its two-hundred day moving average price is C$8.86.
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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