Shares of iShares Canadian Financial Monthly Income ETF Common Class (TSE:FIE – Get Free Report) fell 0.3% on Monday . The company traded as low as C$9.90 and last traded at C$9.91. 160,477 shares were traded during mid-day trading, an increase of 3% from the average session volume of 156,178 shares. The stock had previously closed at C$9.94.
iShares Canadian Financial Monthly Income ETF Common Class Stock Performance
The business’s 50 day simple moving average is C$9.88 and its 200-day simple moving average is C$9.40.
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.
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