iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Stock Price Break Above 200-Day Moving Average – Time to Sell?

iShares S&P/TSX Global Gold Index ETF (TSE:XGD – Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$55.63 and traded as high as C$55.81. iShares S&P/TSX Global Gold Index ETF shares last traded at C$55.70, with a volume of 838,010 shares traded.

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

The stock has a 50-day moving average price of C$56.14 and a two-hundred day moving average price of C$55.63.

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.

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