iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 52-Week High – Time to Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$51.34 and last traded at C$51.25, with a volume of 1741724 shares trading hands. The stock had previously closed at C$50.78.

iShares S&P/TSX 60 Index ETF Trading Up 0.9%

The stock’s 50 day simple moving average is C$49.20 and its 200 day simple moving average is C$48.03.

iShares S&P/TSX 60 Index ETF Company Profile

(Get Free Report)

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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