iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Hits New 12-Month High – Still a Buy?

iShares S&P/TSX Global Gold Index ETF (TSE:XGDGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$66.68 and last traded at C$66.58, with a volume of 244261 shares traded. The stock had previously closed at C$65.74.

iShares S&P/TSX Global Gold Index ETF Price Performance

The stock has a 50 day simple moving average of C$57.75 and a two-hundred day simple moving average of C$48.70.

iShares S&P/TSX Global Gold Index ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for iShares S&P/TSX Global Gold Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P/TSX Global Gold Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.