iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 12-Month High – Still a Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$48.36 and last traded at C$48.30, with a volume of 313216 shares changing hands. The stock had previously closed at C$48.22.

iShares S&P/TSX 60 Index ETF Stock Performance

The business has a 50 day moving average price of C$46.42 and a 200-day moving average price of C$44.20.

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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