Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX – Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$18.35 and last traded at C$18.32, with a volume of 44481 shares traded. The stock had previously closed at C$18.30.
Hamilton Canadian Financials Yield Maximizer ETF Price Performance
The firm’s fifty day moving average price is C$17.57 and its 200-day moving average price is C$16.65.
Hamilton Canadian Financials Yield Maximizer ETF Company Profile
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.
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