Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Sets New 52-Week High – What’s Next?

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$29.00 and last traded at C$28.90, with a volume of 5497 shares. The stock had previously closed at C$28.84.

Hamilton Enhanced Canadian Bank ETF Stock Up 0.7%

The business’s 50 day simple moving average is C$27.73 and its 200 day simple moving average is C$25.38.

Hamilton Enhanced Canadian Bank ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were paid a $0.127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, July 31st.

About Hamilton Enhanced Canadian Bank ETF

The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index.