iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 52-Week High – Still a Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$54.29 and last traded at C$54.23, with a volume of 608612 shares. The stock had previously closed at C$53.41.

iShares S&P/TSX 60 Index ETF Trading Up 0.0%

The firm’s fifty day simple moving average is C$52.22 and its two-hundred day simple moving average is C$50.11.

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.

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