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

Shares of iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) reached a new 52-week high on Friday . The company traded as high as C$47.02 and last traded at C$46.99, with a volume of 337258 shares. The stock had previously closed at C$46.67.

iShares S&P/TSX 60 Index ETF Stock Up 0.8%

The stock has a 50 day simple moving average of C$45.56 and a 200 day simple moving average of C$43.26.

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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