iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Hits New 1-Year High – Here’s Why

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.16 and last traded at C$10.16, with a volume of 187684 shares changing hands. The stock had previously closed at C$10.09.

iShares Canadian Financial Monthly Income ETF Common Class Stock Up 0.7%

The stock’s fifty day simple moving average is C$9.83 and its 200-day simple moving average is C$9.72.

iShares Canadian Financial Monthly Income ETF Common Class Company Profile

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.