iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 1-Year High – Should You Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIU)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$49.86 and last traded at C$49.81, with a volume of 1206115 shares changing hands. The stock had previously closed at C$49.63.

iShares S&P/TSX 60 Index ETF Price Performance

The stock has a 50-day moving average of C$48.05 and a two-hundred day moving average of C$45.77.

About iShares S&P/TSX 60 Index ETF

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.