Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Hits New 52-Week High – Here’s Why

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$32.52 and last traded at C$32.52, with a volume of 13789 shares. The stock had previously closed at C$32.32.

Hamilton Enhanced Canadian Bank ETF Trading Up 0.7%

The firm’s fifty day simple moving average is C$31.13 and its 200 day simple moving average is C$27.76.

Hamilton Enhanced Canadian Bank ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 8th. Investors of record on Friday, August 8th were issued a $0.127 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, July 31st.

Hamilton Enhanced Canadian Bank ETF Company Profile

The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index.