iShares S&P/TSX Global Gold Index ETF (TSE:XGD – Get Free Report)’s share price dropped 1.1% on Wednesday. The company traded as low as C$55.55 and last traded at C$55.55. Approximately 206,984 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 518,714 shares. The stock had previously closed at C$56.19.
iShares S&P/TSX Global Gold Index ETF Trading Down 1.1%
The firm’s 50-day moving average price is C$56.70 and its 200-day moving average price is C$54.37.
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.
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