iShares Canadian Select Dividend Index ETF (TSE:XDV) Trading 1.2% Higher – Here’s What Happened

iShares Canadian Select Dividend Index ETF (TSE:XDV) shot up 1.2% on Monday . The stock traded as high as C$41.98 and last traded at C$41.87. 43,263 shares traded hands during trading, a decline of 8% from the average session volume of 47,214 shares. The stock had previously closed at C$41.36.

iShares Canadian Select Dividend Index ETF Stock Down 0.8%

The stock has a fifty day moving average of C$41.18 and a 200-day moving average of C$38.79.

About iShares Canadian Select Dividend 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 Dow Jones Canada Select Dividend 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 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by S&P Dow Jones Indices LLC using a rules-based methodology including an analysis of dividend growth, yield and average payout ratio.