iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE – Get Free Report) shares rose 0.1% on Wednesday . The company traded as high as C$9.96 and last traded at C$9.96. Approximately 121,773 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 134,717 shares. The stock had previously closed at C$9.95.
iShares Canadian Financial Monthly Income ETF Common Class Trading Up 0.1%
The company’s 50-day moving average price is C$9.97 and its 200-day moving average price is C$9.52.
About iShares Canadian Financial Monthly Income ETF Common Class
The investment objective of the Fund is to maximize total return for investors, consisting of distributions and capital appreciation. To achieve funds objective the investment strategy of the Fund is to invest its net assets, together with borrowings under its loan facility, in a portfolio consisting primarily of common shares, preferred shares, corporate bonds and income trust units of issuers in the Canadian financial sector.
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