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

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAXGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$16.92 and last traded at C$16.92, with a volume of 305659 shares trading hands. The stock had previously closed at C$16.72.

Hamilton Canadian Financials Yield Maximizer ETF Price Performance

The business has a 50 day simple moving average of C$16.08 and a 200 day simple moving average of C$16.09.

Hamilton Canadian Financials Yield Maximizer ETF Company Profile

(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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