iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Reaches New 12-Month Low – Time to Sell?

iShares Core Canadian Universe Bond Index ETF (TSE:XBB)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$27.71 and last traded at C$27.71, with a volume of 23719 shares changing hands. The stock had previously closed at C$28.02.

iShares Core Canadian Universe Bond Index ETF Stock Down 0.1%

The business’s 50 day moving average price is C$28.27 and its 200-day moving average price is C$28.36.

About iShares Core Canadian Universe Bond Index ETF

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Universe Bond Index the Index, net of expenses. To achieve its investment objective the fund uses an indexing strategy to achieve its investment objective. 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 exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy.