iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Trading Up 0.2% – Time to Buy?

iShares Core Canadian Universe Bond Index ETF (TSE:XBB)’s stock price rose 0.2% on Wednesday . The company traded as high as C$28.47 and last traded at C$28.47. Approximately 158,520 shares were traded during trading, an increase of 0% from the average daily volume of 157,807 shares. The stock had previously closed at C$28.42.

iShares Core Canadian Universe Bond Index ETF Price Performance

The business has a fifty day moving average of C$28.54 and a 200-day moving average of C$28.28.

iShares Core Canadian Universe Bond Index ETF Company Profile

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Universe Bond Index the Index, net of expenses. To achieve its investment objective the fund uses an indexing strategy to achieve its investment objective. 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 exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy.