iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 52-Week High – Here’s What Happened

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$53.25 and last traded at C$53.17, with a volume of 909322 shares. The stock had previously closed at C$52.75.

iShares S&P/TSX 60 Index ETF Price Performance

The business has a 50-day moving average of C$51.67 and a 200-day moving average of C$49.76.

About iShares S&P/TSX 60 Index ETF

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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.

Further Reading

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