Purpose Canadian Financial Income Fund Series ETF (TSE:BNC – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$35.33 and last traded at C$35.33, with a volume of 215 shares changing hands. The stock had previously closed at C$35.17.
Purpose Canadian Financial Income Fund Series ETF Trading Up 0.5%
The business has a 50-day moving average of C$34.61 and a 200-day moving average of C$32.43.
Purpose Canadian Financial Income Fund Series ETF Company Profile
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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