Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Hits New 52-Week High – Still a Buy?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAXGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$18.17 and last traded at C$18.10, with a volume of 52685 shares changing hands. The stock had previously closed at C$18.13.

Hamilton Canadian Financials Yield Maximizer ETF Stock Up 0.4%

The company has a 50-day simple moving average of C$17.18 and a 200 day simple moving average of C$16.48.

About Hamilton Canadian Financials Yield Maximizer ETF

(Get Free Report)

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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