iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Sets New 1-Year High – Should You Buy?

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIEGet Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as C$10.81 and last traded at C$10.81, with a volume of 43440 shares trading hands. The stock had previously closed at C$10.75.

iShares Canadian Financial Monthly Income ETF Common Class Price Performance

The stock’s 50 day moving average is C$10.33 and its two-hundred day moving average is C$10.03.

About iShares Canadian Financial Monthly Income ETF Common Class

(Get Free Report)

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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