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Canoe EIT Income Fund (EIT.UN-T)

Canoe EIT Income Fund (EIT.UN-T)

146 watching

TSE:EIT.UN

15.59
0.10 (0.65%) 1d
May 16, 2025, 8:00 pm
0

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This summary was created by AI, based on 1 opinions in the last 12 months.

Canoe EIT Income Fund, trading under the symbol EIT.UN-T, is gaining attention for its strategy of focusing on income generation through a diversified portfolio of common stocks, including prominent U.S. companies. There is a sense of uncertainty among experts regarding its long-term performance, but its recent success has been encouraging to some investors. The emphasis on income suggests that it may appeal to those looking for reliable cash flow, particularly in volatile market conditions. With its current trajectory, it appears to be a viable option for income-focused investors, even if opinions on its future direction vary. Overall, Canoe EIT Income Fund seems to balance risk and return by being anchored in stocks of established firms.

Consensus
Positive
Valuation
Fair Value
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Sep 16, 2024

It is a basket of common stocks including big U.S. companies. He is not sure about it but it is doing well for the caller. Income is the focus.

Greg NewmanGreg Newman
Unknown
Unlock Rating
$14.490

Stock price when the opinion was issued

investment companies funds
WEAK BUY

Canoe EIT Income Fund(EIT.UN-T)

Nov 13, 2023

Does not like closed end funds due to pricing details. Nature of fund can cause big price gyrations. Is a good vehicle for income otherwise. 

Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
Unknown
Unlock Rating
$12.680

Stock price when the opinion was issued

investment companies funds
HOLD

Canoe EIT Income Fund(EIT.UN-T)

Jul 28, 2022
Good way to allocate capital. It's fine. Funds are not really his style. You can continue to hold it.
Greg NewmanGreg Newman
Unknown
Unlock Rating
$12.650

Stock price when the opinion was issued

investment companies funds
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Jan 17, 2022
Not a fan of closed fund since the underlying securities will deviate from the net asset value of the fund. There are big dislocations. Underlying holdings are good quality companies. On a weighted basis, the yield is 3%, but the fund is paying 8%. This comes from the capital gains. It is not pure yield.
Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
No
Unlock Rating
$13.560

Stock price when the opinion was issued

investment companies funds
Unspecified

Canoe EIT Income Fund(EIT.UN-T)

Jan 10, 2022
Are dividends safe? He can't see the underlying companies from his terminal and apologizes for that. If good underlying companies, dividends are relatively safe. If engineering of distribution yields, he would be concerned.
Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
Unknown
Unlock Rating
$13.220

Stock price when the opinion was issued

investment companies funds
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Mar 23, 2021
Pays an 11% dividend yield. How are they paying that? They probably hold a lot of Canadian infrastructure but those stocks pay only 3-4%. The US component is also dragging down that yield. There's a mismatch here in holdings vs. the 11% yield. The total return will probably be 5-7%, but the high yield will limit share performance. This is a warning. Look at their top holdings and see how you feel about that.
Ryan BushellRyan Bushell
Unknown
Unlock Rating
$10.970

Stock price when the opinion was issued

investment companies funds
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Jun 04, 2018

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

Mike PhilbrickMike Philbrick
Unknown
Unlock Rating
$11.760

Stock price when the opinion was issued

investment companies funds
DON'T BUY

Canoe EIT Income Fund(EIT.UN-T)

Aug 13, 2009
He is quite indifferent to this one currently. Looks fairly extended from his point of view. Also, in another year or so, income trusts will have to convert and there could be some concerted selling when they cut distributions.
Ross HealyRoss Healy
No
Unlock Rating
$11.320

Stock price when the opinion was issued

investment companies funds
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Jul 08, 2009
Hasn’t looked at this for a while but it has come off considerably. Vulnerable to the price slide of the underlying commodity. Appropriately priced and he would need a reason for it to go up.
Paul Gardner, CFAPaul Gardner, CFA
No
Unlock Rating
$10.200

Stock price when the opinion was issued

investment companies funds
BUY

Canoe EIT Income Fund(EIT.UN-T)

May 20, 2009
A diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.
Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Unknown
Unlock Rating
$10.450

Stock price when the opinion was issued

investment companies funds
WAIT

Canoe EIT Income Fund(EIT.UN-T)

Mar 13, 2009
(Market Call Minute.) Likes it but there are others he likes better.
Jaime CarrascoJaime Carrasco
Unknown
Unlock Rating
$2.870

Stock price when the opinion was issued

investment companies funds
SELL

Canoe EIT Income Fund(EIT.UN-T)

Jan 05, 2009
(Market Call Minute.) You have to be very careful with this one. A lot of other stocks out there so he would sell and move to others.
Jeff Parent B. Eng. FCSI CIMJeff Parent B. Eng. FCSI CIM
Unknown
Unlock Rating
$3.110

Stock price when the opinion was issued

investment companies funds
WEAK BUY

Canoe EIT Income Fund(EIT.UN-T)

Nov 10, 2008
A diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.
Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Unknown
Unlock Rating
$3.650

Stock price when the opinion was issued

investment companies funds
SELL

Canoe EIT Income Fund(EIT.UN-T)

Oct 01, 2008
The management company was recently sold. It has to re-invent itself.
Kevin O'LearyKevin O'Leary
No
Unlock Rating
$4.780

Stock price when the opinion was issued

investment companies funds
COMMENT

Canoe EIT Income Fund(EIT.UN-T)

Aug 07, 2008
Single largest closed-end fund, which invests predominately in income trusts. Trading at a significant discount to its NAV. Distribution they pay is probably more than they earn internally so there is a potential of a distribution cut.
Ben ChengBen Cheng
Unknown
Unlock Rating
$5.620

Stock price when the opinion was issued

investment companies funds
Showing 1 to 15 of 27 entries
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Canoe EIT Income Fund(EIT.UN-T) Rating

Ranking : 1 out of 5

Star iconStar empty iconStar empty iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Canoe EIT Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Canoe EIT Income Fund is a Canadian stock, trading under the symbol EIT.UN-T on the Toronto Stock Exchange (EIT.UN-CT). It is usually referred to as TSX:EIT.UN or EIT.UN-T

Is Canoe EIT Income Fund a buy or a sell?

In the last year, there was no coverage of Canoe EIT Income Fund published on Stockchase.

Is Canoe EIT Income Fund a good investment or a top pick?

Canoe EIT Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Canoe EIT Income Fund.

Why is Canoe EIT Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canoe EIT Income Fund worth watching?

0 stock analysts on Stockchase covered Canoe EIT Income Fund In the last year. It is a trending stock that is worth watching.

What is Canoe EIT Income Fund stock price?

On 2025-05-16, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $15.59.

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