iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Shares Down 1.3% – Here’s What Happened

Shares of iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) dropped 1.3% on Friday . The company traded as low as C$15.26 and last traded at C$15.30. Approximately 536,262 shares changed hands during trading, an increase of 32% from the average daily volume of 406,424 shares. The stock had previously closed at C$15.50.

iShares S&P/TSX Capped REIT Index ETF Price Performance

The business’s 50 day moving average is C$16.10 and its 200 day moving average is C$15.87.

iShares S&P/TSX Capped REIT 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 S&P/TSX Capped REIT 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.