iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Hits New 52-Week High - Time to Buy?

Key Points

• The iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) reached a new 52-week high at C$9.38, reflecting a recent upward trend in its stock price.
• The stock closed at C$9.37 with a trading volume of 320,559 shares, showing strong investor interest as it increased by 1.2% from the previous close.
• The ETF's investment strategy focuses on maximizing total returns through a portfolio primarily composed of Canadian financial sector assets, including common and preferred shares and corporate bonds.

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE - ) shares hit a new 52-week high on Tuesday . The stock traded as high as C$9.38 and last traded at C$9.37, with a volume of 320559 shares trading hands. The stock had previously closed at C$9.28.

iShares Canadian Financial Monthly Income ETF Common Class Stock Up 1.2%

The company's 50 day simple moving average is C$9.10 and its two-hundred day simple moving average is C$8.65.

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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