iShares S&P/TSX 60 Index ETF (TSE:XIU) Shares Down 1.4% – What’s Next?

iShares S&P/TSX 60 Index ETF (TSE:XIU) shares traded down 1.4% on Friday. The stock traded as low as C$53.32 and last traded at C$53.78. Approximately 5,674,665 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 4,091,727 shares. The stock had previously closed at C$54.54.

iShares S&P/TSX 60 Index ETF Price Performance

The business’s 50 day moving average price is C$53.50 and its 200-day moving average price is C$51.14.

iShares S&P/TSX 60 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 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.