iShares S&P/TSX 60 Index ETF (TSE:XIU) Shares Climb 1.4% – Still a Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIU) shares traded up 1.4% during trading on Friday. The stock traded as high as C$53.13 and last traded at C$53.08. Approximately 3,248,830 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 4,041,200 shares. The stock had previously closed at C$52.33.

iShares S&P/TSX 60 Index ETF Stock Performance

The stock’s 50 day simple moving average is C$53.54 and its two-hundred day simple moving average is C$51.75.

iShares S&P/TSX 60 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 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.