Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX – Get Free Report) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as C$17.86 and last traded at C$17.78. 380,323 shares were traded during trading, a decline of 1% from the average session volume of 382,332 shares. The stock had previously closed at C$17.77.
Hamilton Canadian Financials Yield Maximizer ETF Price Performance
The stock has a 50 day moving average of C$18.12 and a 200 day moving average of C$17.06.
Hamilton Canadian Financials Yield Maximizer ETF Company Profile
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.
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