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

iShares S&P/TSX Capped Energy Index ETF (TSE:XEGGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$19.25 and last traded at C$19.19, with a volume of 690770 shares changing hands. The stock had previously closed at C$18.98.

iShares S&P/TSX Capped Energy Index ETF Price Performance

The company has a fifty day moving average price of C$18.29 and a 200-day moving average price of C$17.48.

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

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