iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Trading Up 1.1% – Time to Buy?

Shares of iShares S&P/TSX Capped REIT Index ETF (TSE:XREGet Free Report) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as C$16.12 and last traded at C$16.12. Approximately 338,968 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 367,056 shares. The stock had previously closed at C$15.94.

iShares S&P/TSX Capped REIT Index ETF Stock Up 1.1%

The company has a fifty day moving average price of C$15.91 and a 200-day moving average price of C$15.29.

About iShares S&P/TSX Capped REIT 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 Capped REIT 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.

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