iShares S&P/TSX 60 Index ETF (TSE:XIU) Sets New 1-Year High – Here’s Why

iShares S&P/TSX 60 Index ETF (TSE:XIU) reached a new 52-week high during trading on Wednesday . The company traded as high as C$37.23 and last traded at C$37.22, with a volume of 69141 shares trading hands. The stock had previously closed at C$37.05.

iShares S&P/TSX 60 Index ETF Trading Up 0.5 %

The stock’s 50 day moving average is C$35.52 and its 200 day moving average is C$34.26.

iShares S&P/TSX 60 Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 27th were paid a $0.266 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, August 27th. This is an increase from iShares S&P/TSX 60 Index ETF’s previous quarterly dividend of $0.26.

About iShares S&P/TSX 60 Index ETF

iShares S&P/TSX 60 Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index through investments in the constituent issuers of such index, net of expenses. The Index is comprised of 60 of the largest (by market capitalization) and liquid securities listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.