iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Sets New 1-Year High - Here's Why

Key Points

• The iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) has reached a new 52-week high, trading at C$9.33.
• This ETF's investment strategy focuses on maximizing total return through a portfolio primarily consisting of common shares, preferred shares, corporate bonds, and income trust units in the Canadian financial sector.
• The ETF experienced a 0.5% increase in trading and reflects a fifty-day moving average of C$9.04.

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE - ) reached a new 52-week high on Friday . The stock traded as high as C$9.33 and last traded at C$9.33, with a volume of 20120 shares trading hands. The stock had previously closed at C$9.30.

iShares Canadian Financial Monthly Income ETF Common Class Trading Up 0.5%

The company has a fifty day simple moving average of C$9.04 and a two-hundred day simple moving average of C$8.59.

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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