The stock of First Asset US & Canada LifeCo Income FD (TSE:FLI) is a huge mover today! About 41,998 shares traded hands or 184.00% up from the average. First Asset US & Canada LifeCo Income FD (TSE:FLI) has risen 16.40% since April 7, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.
The move comes after 5 months positive chart setup for the $108.01M company. It was reported on Nov, 9 by Barchart.com. We have $31.51 PT which if reached, will make TSE:FLI worth $178.22 million more.
More notable recent First Asset US & Canada LifeCo Income FD (TSE:FLI) news were published by: Marketwired.com which released: “First Asset Announces Launch of Actively Managed ETFs” on September 09, 2014, also Theglobeandmail.com with their article: “Eye on Shorts: What bearish investors are betting against” published on February 04, 2015, Seekingalpha.com published: “Great-West Lifeco’s (GWLIF) CEO Paul Mahon on Q3 2016 Results – Earnings Call …” on November 06, 2016. More interesting news about First Asset US & Canada LifeCo Income FD (TSE:FLI) were released by: Fool.ca and their article: “Income Investors: Get a 5.9% Yield From Great-West Lifeco Inc.” published on September 09, 2015 as well as Theglobeandmail.com‘s news article titled: “Canada’s top companies by industry” with publication date: July 03, 2013.
First Asset U.S. & Canada Lifeco Income ETF , formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada exchange traded fund. The company has a market cap of $108.01 million. The Fund’s investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. It currently has negative earnings. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment.
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