Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Sets New 12-Month High – What’s Next?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX)’s share price reached a new 52-week high on Thursday . The company traded as high as C$16.44 and last traded at C$16.40, with a volume of 167577 shares trading hands. The stock had previously closed at C$16.38.

Hamilton Canadian Financials Yield Maximizer ETF Stock Up 0.1%

The business’s fifty day moving average is C$15.84 and its 200 day moving average is C$15.23.

About Hamilton Canadian Financials Yield Maximizer ETF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.