iShares S&P/TSX 60 Index ETF (TSE:XIU) Hits New 12-Month High – Here’s Why

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$47.66 and last traded at C$47.59, with a volume of 393132 shares trading hands. The stock had previously closed at C$47.25.

iShares S&P/TSX 60 Index ETF Trading Up 1.0%

The company has a fifty day moving average price of C$46.01 and a 200-day moving average price of C$43.81.

About iShares S&P/TSX 60 Index ETF

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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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