Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) Stock Passes Above 200-Day Moving Average – What’s Next?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNCGet Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$31.97 and traded as high as C$34.62. Purpose Canadian Financial Income Fund Series ETF shares last traded at C$34.62, with a volume of 505 shares traded.

Purpose Canadian Financial Income Fund Series ETF Stock Down 0.3%

The stock’s fifty day simple moving average is C$34.25 and its 200-day simple moving average is C$31.99.

About Purpose Canadian Financial Income Fund Series ETF

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The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis).

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