iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 12-Month High – Still a Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIU)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$50.62 and last traded at C$50.61, with a volume of 3142242 shares trading hands. The stock had previously closed at C$49.94.

iShares S&P/TSX 60 Index ETF Stock Up 1.4%

The stock has a 50 day simple moving average of C$49.00 and a 200-day simple moving average of C$47.86.

iShares S&P/TSX 60 Index ETF Company Profile

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.