iShares S&P/TSX 60 Index ETF (TSE:XIU) Hits New 1-Year High – Time to Buy?

Shares of iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$51.96 and last traded at C$51.94, with a volume of 2263488 shares. The stock had previously closed at C$51.43.

iShares S&P/TSX 60 Index ETF Stock Up 0.6%

The firm’s fifty day moving average price is C$50.15 and its 200 day moving average price is C$48.58.

About iShares S&P/TSX 60 Index ETF

(Get Free Report)

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index , net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian equity securities. The Index is a strategy index focused on dividend income. The Index is comprised of 60 of the largest by market capitalization and most liquid constituents of the S&P/TSX Composite Index. Sectors are intended to mirror sector weights of the S&P/TSX Composite Index To achieve its investment objective the Fund uses an indexing strategy.

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