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

iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$21.01 and last traded at C$20.71, with a volume of 218905 shares changing hands. The stock had previously closed at C$20.78.

iShares S&P/TSX Capped Energy Index ETF Trading Up 1.0%

The business’s 50 day moving average price is C$19.61 and its 200-day moving average price is C$18.59.

About iShares S&P/TSX Capped Energy Index ETF

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. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.