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iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Hits New 12-Month High - Should You Buy?

iShares Canadian Financial Monthly Income ETF Common Class logo with background

Key Points

  • The iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) reached a new 12-month high, trading at C$9.32 during the session.
  • The ETF's investment strategy focuses on maximizing total return through investments in common shares, preferred shares, corporate bonds, and income trust units in the Canadian financial sector.
  • The stock's 50-day moving average is C$8.98, while the 200-day moving average stands at C$8.53, indicating a positive upward trend.
  • Interested in iShares Canadian Financial Monthly Income ETF Common Class? Here are five stocks we like better.

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$9.32 and last traded at C$9.27, with a volume of 125832 shares. The stock had previously closed at C$9.30.

iShares Canadian Financial Monthly Income ETF Common Class Trading Down 0.3%

The company has a 50-day moving average of C$8.98 and a two-hundred day moving average of C$8.53.

About iShares Canadian Financial Monthly Income ETF Common Class

(Get Free Report)

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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Should You Invest $1,000 in iShares Canadian Financial Monthly Income ETF Common Class Right Now?

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While iShares Canadian Financial Monthly Income ETF Common Class currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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