iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) Reaches New 52-Week High – Still a Buy?

iShares S&P/TSX Capped Energy Index ETF (TSE:XEG)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$24.75 and last traded at C$24.75, with a volume of 574128 shares changing hands. The stock had previously closed at C$24.15.

iShares S&P/TSX Capped Energy Index ETF Stock Up 2.2%

The firm’s fifty day moving average is C$21.63 and its 200-day moving average is C$19.74.

iShares S&P/TSX Capped Energy Index ETF Company Profile

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.