iShares S&P/TSX 60 Index ETF (TSE:XIU) Reaches New 1-Year High – Should You Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$53.33 and last traded at C$53.30, with a volume of 437680 shares changing hands. The stock had previously closed at C$53.15.

iShares S&P/TSX 60 Index ETF Trading Up 0.6%

The stock’s 50-day moving average is C$51.80 and its 200 day moving average is C$49.83.

iShares S&P/TSX 60 Index ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares S&P/TSX 60 Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P/TSX 60 Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.