Shares of Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX – Get Free Report) fell 0.9% on Wednesday . The company traded as low as C$15.54 and last traded at C$15.55. 217,805 shares were traded during trading, a decline of 48% from the average session volume of 421,921 shares. The stock had previously closed at C$15.69.
Hamilton Canadian Financials Yield Maximizer ETF Trading Down 0.9%
The firm’s 50-day moving average price is C$16.14 and its two-hundred day moving average price is C$15.84.
About Hamilton Canadian Financials Yield Maximizer ETF
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.
Further Reading
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