iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) Hits New 52-Week High – Time to Buy?

iShares S&P/TSX Capped Energy Index ETF (TSE:XEG)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as C$30.11 and last traded at C$30.09, with a volume of 109,975 shares. The stock had previously closed at C$29.40.

iShares S&P/TSX Capped Energy Index ETF Price Performance

The stock’s fifty day moving average is C$28.31 and its two-hundred day moving average is C$26.95.

iShares S&P/TSX Capped Energy Index ETF Company Profile

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 Capped Energy Index the Index, net of expenses. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.