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iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Shares Down 0.1% - Here's What Happened

iShares Canadian Financial Monthly Income ETF Common Class logo with background

Key Points

  • The iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) saw a slight decline of 0.1% in its share price, trading at C$9.33 after reaching a low of C$9.31.
  • Trading volume dropped by 24% to approximately 97,951 shares, compared to the average daily volume of 129,479 shares.
  • The ETF's investment strategy focuses on maximizing total return by investing primarily in common and preferred shares, corporate bonds, and income trust units within the Canadian financial sector.
  • MarketBeat previews top five stocks to own in November.

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE - Get Free Report)'s share price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as C$9.31 and last traded at C$9.33. Approximately 97,951 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 129,479 shares. The stock had previously closed at C$9.34.

iShares Canadian Financial Monthly Income ETF Common Class Price Performance

The firm's 50 day moving average price is C$9.07 and its 200-day moving average price is C$8.62.

iShares Canadian Financial Monthly Income ETF Common Class Company Profile

(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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