iShares S&P/TSX 60 Index ETF (TSE:XIU) Stock Cross Above 50 Day Moving Average – Here’s Why

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$52.75 and traded as high as C$54.66. iShares S&P/TSX 60 Index ETF shares last traded at C$54.28, with a volume of 2,936,490 shares traded.

iShares S&P/TSX 60 Index ETF Price Performance

The firm’s 50 day simple moving average is C$52.82 and its two-hundred day simple moving average is C$50.50.

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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