Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Stock Price Up 0.8% – Should You Buy?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX)’s stock price rose 0.8% during mid-day trading on Thursday . The stock traded as high as C$16.18 and last traded at C$16.18. Approximately 329,021 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 426,892 shares. The stock had previously closed at C$16.05.

Hamilton Canadian Financials Yield Maximizer ETF Stock Up 0.8%

The company has a 50 day moving average price of C$15.91 and a 200-day moving average price of C$15.88.

About Hamilton Canadian Financials Yield Maximizer ETF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.