iShares MSCI Europe IMI Index ETF (TSE:XEU) Sets New 52-Week High – Still a Buy?

iShares MSCI Europe IMI Index ETF (TSE:XEU – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$39.21 and last traded at C$39.12, with a volume of 20545 shares. The stock had previously closed at C$38.81.

iShares MSCI Europe IMI Index ETF Price Performance

The business has a fifty day moving average of C$37.74 and a 200 day moving average of C$36.56.

iShares MSCI Europe IMI 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 MSCI Europe Investable Market 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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