iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Sets New 1-Year High – Here’s Why

iShares S&P/TSX Capped REIT Index ETF (TSE:XRE)’s share price hit a new 52-week high on Friday . The company traded as high as C$16.53 and last traded at C$16.50, with a volume of 700322 shares. The stock had previously closed at C$16.36.

iShares S&P/TSX Capped REIT Index ETF Stock Performance

The firm has a 50 day moving average of C$15.50 and a 200-day moving average of C$15.82.

iShares S&P/TSX Capped REIT 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 Capped REIT Index the Index, net of expenses. 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.