iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Shares Up 0.1% – Still a Buy?

iShares Core Canadian Universe Bond Index ETF (TSE:XBB) shares rose 0.1% during trading on Wednesday . The company traded as high as C$28.29 and last traded at C$28.28. Approximately 83,460 shares changed hands during trading, a decline of 48% from the average daily volume of 161,102 shares. The stock had previously closed at C$28.25.

iShares Core Canadian Universe Bond Index ETF Stock Up 0.1%

The business has a 50 day simple moving average of C$28.45 and a 200-day simple moving average of C$28.27.

iShares Core Canadian Universe Bond Index ETF Company Profile

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.