iShares MSCI Europe IMI Index ETF (TSE:XEU) Reaches New 1-Year High – Should You Buy?

iShares MSCI Europe IMI Index ETF (TSE:XEU)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$39.56 and last traded at C$39.44, with a volume of 5991 shares trading hands. The stock had previously closed at C$39.10.

iShares MSCI Europe IMI Index ETF Stock Performance

The company has a 50 day simple moving average of C$38.07 and a 200 day simple moving average of C$36.75.

iShares MSCI Europe IMI 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 MSCI Europe Investable Market Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. 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 iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.