Key stats
About HARVEST META ENHANCED HIGH INCOME S UNITS CLASS A
Home page
Inception date
Jan 16, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Harvest Portfolios Group, Inc.
The fund seeks to provide long-term capital appreciation on a levered basis in Meta stock and high monthly cash distributions. The actively managed ETF invests all its assets in Meta shares, a mega-cap information technology company that owns and operates many of the world’s top social media brands, among other products and services. It also employs an active covered call strategy on up to 50% of the portfolio. The strategy aims to participate in the long-term growth of the company in exchange for monthly income. The income generated helps to cushion the potential downside performance of the shares. Investors are subject to the downside risks of the single stock exposure in a volatile stock. The fund may invest up to 100% of its assets directly or indirectly in Meta stocks and could apply leverage of up to around 25%. The covered call strategy is reviewed monthly to ensure cash flow sustainability.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
METE trades at 11.42 CAD today, its price has fallen −1.89% in the past 24 hours. Track more dynamics on METE price chart.
METE net asset value is 11.43 today — it's risen 16.44% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
METE assets under management is 33.83 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
METE fund flows account for 34.74 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
METE invests in stocks. See more details in our Analysis section.
No, METE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, METE pays dividends to its holders with the dividend yield of 21.02%.
METE trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
METE shares are issued by Harvest Portfolios Group, Inc.
METE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 16, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.