iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) Sets New 12-Month High – What’s Next?

iShares S&P/TSX Capped Energy Index ETF (TSE:XEGGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$20.28 and last traded at C$20.27, with a volume of 994744 shares changing hands. The stock had previously closed at C$20.04.

iShares S&P/TSX Capped Energy Index ETF Stock Up 0.5%

The company has a 50-day moving average price of C$18.76 and a 200 day moving average price of C$17.90.

About iShares S&P/TSX Capped Energy 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 Capped Energy Index the Index, net of expenses. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.

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