iShares Canadian Select Dividend Index ETF (TSE:XDV) Trading Up 0.1% – Should You Buy?

iShares Canadian Select Dividend Index ETF (TSE:XDVGet Free Report) shares shot up 0.1% on Tuesday . The stock traded as high as C$48.85 and last traded at C$48.77. 75,990 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 37,659 shares. The stock had previously closed at C$48.74.

iShares Canadian Select Dividend Index ETF Price Performance

The stock has a fifty day moving average of C$47.29 and a two-hundred day moving average of C$44.03.

About iShares Canadian Select Dividend Index ETF

(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 Dow Jones Canada Select Dividend 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 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by S&P Dow Jones Indices LLC using a rules-based methodology including an analysis of dividend growth, yield and average payout ratio.

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