iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Reaches New 1-Year High – Still a Buy?

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIEGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$10.06 and last traded at C$10.06, with a volume of 33659 shares. The stock had previously closed at C$10.03.

iShares Canadian Financial Monthly Income ETF Common Class Price Performance

The stock has a fifty day moving average price of C$9.63 and a two-hundred day moving average price of C$9.20.

iShares Canadian Financial Monthly Income ETF Common Class Company Profile

(Get Free Report)

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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