iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 1-Year High – Should You Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$52.95 and last traded at C$52.85, with a volume of 344354 shares changing hands. The stock had previously closed at C$52.69.

iShares S&P/TSX 60 Index ETF Stock Up 0.1%

The stock’s 50 day moving average price is C$51.18 and its 200-day moving average price is C$49.41.

iShares S&P/TSX 60 Index ETF Company Profile

(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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