iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Trading Down 1% – Should You Sell?

iShares S&P/TSX Global Gold Index ETF (TSE:XGD) shares were down 1% during mid-day trading on Wednesday . The stock traded as low as C$44.80 and last traded at C$45.75. Approximately 585,699 shares traded hands during trading, an increase of 13% from the average session volume of 520,223 shares. The stock had previously closed at C$46.22.

iShares S&P/TSX Global Gold Index ETF Stock Down 2.9%

The firm’s 50-day simple moving average is C$49.32 and its 200 day simple moving average is C$55.50.

About iShares S&P/TSX Global Gold Index ETF

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 Global Gold Index the Index , net of expenses. Under normal market conditions, the Fund will primarily invest in equity securities issued by international issuers participating in the mining secto. 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.