iShares S&P/TSX 60 Index ETF (TSE:XIU) Stock Pass Below Fifty Day Moving Average – What’s Next?

iShares S&P/TSX 60 Index ETF (TSE:XIUGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$53.54 and traded as low as C$53.05. iShares S&P/TSX 60 Index ETF shares last traded at C$53.23, with a volume of 4,057,085 shares trading hands.

iShares S&P/TSX 60 Index ETF Trading Down 0.4%

The firm’s fifty day simple moving average is C$53.54 and its 200 day simple moving average is C$51.28.

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.

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