iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Hits New 12-Month High – What’s Next?

iShares S&P/TSX Capped REIT Index ETF (TSE:XREGet Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$17.32 and last traded at C$17.30, with a volume of 35354 shares. The stock had previously closed at C$17.10.

iShares S&P/TSX Capped REIT Index ETF Trading Up 1.8%

The firm has a 50-day simple moving average of C$16.76 and a two-hundred day simple moving average of C$16.22.

About iShares S&P/TSX Capped REIT Index ETF

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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.

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