iShares MSCI Europe IMI Index ETF (TSE:XEU) Hits New 12-Month High – Here’s Why

iShares MSCI Europe IMI Index ETF (TSE:XEU) hit a new 52-week high on Friday . The stock traded as high as C$41.70 and last traded at C$41.70, with a volume of 708 shares trading hands. The stock had previously closed at C$41.37.

iShares MSCI Europe IMI Index ETF Stock Performance

The business has a fifty day simple moving average of C$40.08 and a 200 day simple moving average of C$39.05.

iShares MSCI Europe IMI Index ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.77 dividend. The ex-dividend date was Thursday, June 25th. This represents a dividend yield of 187.0%.

About iShares MSCI Europe IMI Index ETF

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Europe Investable Market Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. 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.