Income Financial Trust (TSE:INC.UN – Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.46 and traded as high as C$9.61. Income Financial Trust shares last traded at C$9.61, with a volume of 512 shares changing hands.
Income Financial Trust Trading Up 1.9%
The company’s 50-day moving average price is C$9.46 and its two-hundred day moving average price is C$9.44. The company has a market cap of C$30.60 million, a P/E ratio of 4.93 and a beta of 0.32.
About Income Financial Trust
To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).
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