iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Shares Down 0.1% - Time to Sell?

Key Points

• iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) experienced a slight decline of 0.1%, trading at C$9.33, which is close to its previous close of C$9.34.
• The trading volume was down by 24%, with 97,951 shares changing hands, compared to the average volume of 129,479 shares.
• The ETF aims to maximize total return through a portfolio primarily consisting of common shares, preferred shares, corporate bonds, and trust units in the Canadian financial sector.

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE - ) traded down 0.1% on Wednesday . The company traded as low as C$9.31 and last traded at C$9.33. 97,951 shares changed hands during trading, a decline of 24% from the average session volume of 129,479 shares. The stock had previously closed at C$9.34.

iShares Canadian Financial Monthly Income ETF Common Class Trading Down 0.1%

The stock has a 50-day simple moving average of C$9.07 and a two-hundred day simple moving average of C$8.62.

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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