iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Hits New 12-Month Low – Here’s What Happened

iShares Core Canadian Universe Bond Index ETF (TSE:XBB)’s share price reached a new 52-week low on Wednesday . The stock traded as low as C$27.47 and last traded at C$27.47, with a volume of 11340 shares changing hands. The stock had previously closed at C$27.52.

iShares Core Canadian Universe Bond Index ETF Price Performance

The business has a 50-day moving average of C$27.83 and a 200-day moving average of C$28.00.

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.