iShares S&P/TSX 60 Index ETF (TSE:XIU) Reaches New 1-Year High – Here’s Why

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$47.48 and last traded at C$47.36, with a volume of 927128 shares changing hands. The stock had previously closed at C$47.38.

iShares S&P/TSX 60 Index ETF Stock Performance

The business’s 50 day moving average price is C$45.70 and its 200 day moving average price is C$43.42.

iShares S&P/TSX 60 Index ETF Company Profile

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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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