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

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price reached a new 52-week high during trading 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 Performance

The firm’s fifty day moving average price is C$47.81 and its two-hundred day moving average price is C$45.53.

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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