Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) Reaches New 52-Week High – Here’s Why

Purpose Canadian Financial Income Fund Series ETF (TSE:BNCGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$34.87 and last traded at C$34.87, with a volume of 126 shares. The stock had previously closed at C$34.74.

Purpose Canadian Financial Income Fund Series ETF Trading Up 0.4%

The firm’s fifty day moving average price is C$33.00 and its 200-day moving average price is C$31.00.

Purpose Canadian Financial Income Fund Series ETF Company Profile

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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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