iShares S&P/TSX Global Gold Index ETF (TSE:XGD – Get Free Report)’s stock price shot up 0.5% during trading on Wednesday. The stock traded as high as C$54.69 and last traded at C$54.45. Approximately 908,773 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 508,967 shares. The stock had previously closed at C$54.17.
iShares S&P/TSX Global Gold Index ETF Stock Performance
The firm’s 50-day simple moving average is C$58.20 and its two-hundred day simple moving average is C$54.40.
iShares S&P/TSX Global Gold 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 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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