iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$23.17 and last traded at C$23.15, with a volume of 230962 shares changing hands. The stock had previously closed at C$22.78.
iShares Gold Bullion ETF (CAD-Hedged) Stock Performance
The stock has a 50-day moving average of C$21.50 and a 200-day moving average of C$20.92.
About iShares Gold Bullion ETF (CAD-Hedged)
The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund’s objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.
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