iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 1-Year High – Still a Buy?

iShares S&P/TSX 60 Index ETF (TSE:XIU – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$54.53 and last traded at C$54.51, with a volume of 644921 shares. The stock had previously closed at C$54.27.

iShares S&P/TSX 60 Index ETF Trading Up 0.3%

The company’s fifty day simple moving average is C$52.35 and its 200-day simple moving average is C$50.20.

About iShares S&P/TSX 60 Index ETF

(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

• Five stocks we like better than iShares S&P/TSX 60 Index ETF
• Rocket Lab’s Record Quarter Still Left Investors Waiting on Neutron
• AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Meta’s Muse Glimmer Release Reframes Its AI Spending Bet
• 3 Companies That Could Thrive While the Fed Holds Rates Steady