iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) Sets New 52-Week High – Should You Buy?

iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$10.46 and last traded at C$10.46, with a volume of 10478 shares traded. The stock had previously closed at C$10.42.

iShares Canadian Financial Monthly Income ETF Common Class Price Performance

The firm has a 50 day moving average price of C$9.89 and a 200 day moving average price of C$9.78.

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.