Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Stock Price Up 0.8% – Time to Buy?

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) rose 0.8% during trading on Wednesday . The company traded as high as C$32.12 and last traded at C$32.05. Approximately 14,343 shares traded hands during trading, a decline of 64% from the average daily volume of 39,468 shares. The stock had previously closed at C$31.81.

Hamilton Enhanced Canadian Bank ETF Stock Performance

The business’s 50-day simple moving average is C$29.79 and its 200 day simple moving average is C$26.67.

Hamilton Enhanced Canadian Bank ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, August 8th were issued a $0.127 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.8%.

Hamilton Enhanced Canadian Bank ETF Company Profile

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.