Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Hits New 52-Week High – Here’s What Happened

Shares of Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) hit a new 52-week high on Wednesday . The stock traded as high as C$16.55 and last traded at C$16.50, with a volume of 290090 shares changing hands. The stock had previously closed at C$16.28.

Hamilton Canadian Financials Yield Maximizer ETF Price Performance

The stock has a 50 day simple moving average of C$16.31 and a 200 day simple moving average of C$15.76.

Hamilton Canadian Financials Yield Maximizer ETF Company Profile

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.