Canoe EIT Income Fund (TSE:EIT.UN) Sets New 52-Week High – Here’s What Happened

Canoe EIT Income Fund (TSE:EIT.UN)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$16.80 and last traded at C$16.77, with a volume of 86097 shares. The stock had previously closed at C$16.70.

Canoe EIT Income Fund Trading Up 1.0%

The stock’s 50-day moving average is C$16.05 and its 200-day moving average is C$15.61. The stock has a market cap of C$3.10 billion, a price-to-earnings ratio of 5.35 and a beta of -0.14.

About Canoe EIT Income Fund

The investment objectives of the Fund are to maximize monthly distributions relative to risk and maximize Net Asset Value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the Manager may determine in its sole discretion from time to time. The investment objectives set forth above may be achieved through direct acquisitions, investments or, at the election of the Manager, through exchange offers completed by the Fund from time to time.