iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Hits New 12-Month High – Still a Buy?

iShares S&P/TSX Global Gold Index ETF (TSE:XGD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$66.68 and last traded at C$66.58, with a volume of 244261 shares. The stock had previously closed at C$65.74.

iShares S&P/TSX Global Gold Index ETF Stock Up 1.3%

The company’s 50 day moving average is C$57.75 and its 200-day moving average is C$48.70.

About iShares S&P/TSX Global Gold Index ETF

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 Global Gold Index the Index , net of expenses. Under normal market conditions, the Fund will primarily invest in equity securities issued by international issuers participating in the mining secto. To achieve its investment objective the Fund uses an indexing strategy. 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 iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.