Averaging Down

     I recently wrote about purchasing  200 units of an ETF.  The name of this ETF is the iShares Dow Jones Canadian  Select  Dividend ETF.  As per google finance, so information as to what the ETF consists of is shown below:

iShares Dow Jones Canada Select Dividend Index Fund, formerly iShares CDN Dow Jones Canada Select Dividend Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the Dow Jones Canada Select Dividend Index (the Index) through investments in the constituent issuers of such Index. The Index consists of 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by Dow Jones using a rules-based methodology, including an analysis of dividend growth, yield and average payout ratio. In the Index, the weight of any one company, in terms of market capitalization, is limited to 10%. The Fund is managed by BlackRock Asset Management Canada Limited.            ( Source: Google Finance)

   I purchased 19 more units of XDV. The 19 units were purchased at $22.05.  There was no commissions as my broker has commissioned free ETFs.  However, I had to pay some ECN fees as it was not a round lot of units.  XDV pays a monthly distribution.

   EDIT:   I will update my investing tab spreadsheet in early December.

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.