iShares MSCI Europe IMI Index ETF (TSE:XEU) Sets New 12-Month High – Here’s Why

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

iShares MSCI Europe IMI Index ETF Stock Performance

The company has a fifty day moving average price of C$38.07 and a two-hundred day moving average price 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.