iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Reaches New 52-Week High – What’s Next?

Shares of iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$10.54 and last traded at C$10.53, with a volume of 107371 shares. The stock had previously closed at C$10.48.

iShares Canadian Financial Monthly Income ETF Common Class Stock Performance

The firm has a fifty day simple moving average of C$10.05 and a two-hundred day simple moving average of C$9.91.

iShares Canadian Financial Monthly Income ETF Common Class Company Profile

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.