iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Hits New 12-Month High – Here’s Why

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIEGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$9.70 and last traded at C$9.68, with a volume of 22024 shares traded. The stock had previously closed at C$9.66.

iShares Canadian Financial Monthly Income ETF Common Class Price Performance

The company has a 50 day simple moving average of C$9.42 and a 200-day simple moving average of C$9.02.

iShares Canadian Financial Monthly Income ETF Common Class Company Profile

(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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