iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL – Get Free Report) shares hit a new 52-week low on Friday. The company traded as low as C$30.01 and last traded at C$30.14, with a volume of 69,954 shares changing hands. The stock had previously closed at C$30.40.
iShares Gold Bullion ETF (CAD-Hedged) Price Performance
The business’s fifty day moving average price is C$32.60 and its two-hundred day moving average price is C$33.08.
iShares Gold Bullion ETF (CAD-Hedged) Company Profile
The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund’s objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.
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