iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 12-Month High – Should You Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$47.66 and last traded at C$47.59, with a volume of 393132 shares. The stock had previously closed at C$47.25.

iShares S&P/TSX 60 Index ETF Trading Down 0.8%

The business’s 50-day simple moving average is C$46.10 and its two-hundred day simple moving average is C$43.92.

iShares S&P/TSX 60 Index ETF Company Profile

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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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