iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE – Get Free Report)’s share price rose 0.5% during mid-day trading on Thursday . The stock traded as high as C$11.25 and last traded at C$11.23. 67,633 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 126,317 shares. The stock had previously closed at C$11.17.
iShares Canadian Financial Monthly Income ETF Common Class Trading Up 0.5%
The stock has a 50-day moving average price of C$11.36 and a 200 day moving average price of C$10.76.
About iShares Canadian Financial Monthly Income ETF Common Class
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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