iShares S&P/TSX 60 Index ETF (TSE:XIU) Hits New 52-Week High – Should You Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$49.41 and last traded at C$49.32, with a volume of 193929 shares traded. The stock had previously closed at C$49.30.

iShares S&P/TSX 60 Index ETF Stock Up 0.5%

The company has a fifty day moving average of C$47.86 and a 200-day moving average of C$45.62.

iShares S&P/TSX 60 Index ETF Company Profile

(Get Free Report)

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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