Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNCGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.97 and traded as high as C$34.62. Purpose Canadian Financial Income Fund Series ETF shares last traded at C$34.62, with a volume of 505 shares traded.

Purpose Canadian Financial Income Fund Series ETF Trading Down 0.3%

The firm has a 50-day simple moving average of C$34.25 and a 200 day simple moving average of C$31.97.

About Purpose Canadian Financial Income Fund Series ETF

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The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis).

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