Income Financial Trust (TSE:INC.UN – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.46 and traded as high as C$9.61. Income Financial Trust shares last traded at C$9.61, with a volume of 512 shares trading hands.
Income Financial Trust Price Performance
The company has a market cap of C$30.60 million, a price-to-earnings ratio of 4.93 and a beta of 0.32. The business’s 50-day simple moving average is C$9.46 and its 200-day simple moving average is C$9.44.
About Income Financial Trust
To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).
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