Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) Reaches New 12-Month High – Should You Buy?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNCGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$33.90 and last traded at C$33.90, with a volume of 110 shares traded. The stock had previously closed at C$33.86.

Purpose Canadian Financial Income Fund Series ETF Trading Up 0.9%

The stock’s 50 day simple moving average is C$32.50 and its 200 day simple moving average is C$30.62.

About Purpose Canadian Financial Income Fund Series ETF

(Get Free Report)

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis).

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