iShares Canadian Select Dividend Index ETF (TSE:XDV) Hits New 12-Month High – Still a Buy?

iShares Canadian Select Dividend Index ETF (TSE:XDV) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$42.43 and last traded at C$42.41, with a volume of 9803 shares trading hands. The stock had previously closed at C$42.30.

iShares Canadian Select Dividend Index ETF Trading Down 0.7%

The business has a 50-day moving average price of C$40.32 and a two-hundred day moving average price of C$37.92.

iShares Canadian Select Dividend 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 Dow Jones Canada Select Dividend 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 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by S&P Dow Jones Indices LLC using a rules-based methodology including an analysis of dividend growth, yield and average payout ratio.