iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 1-Year High – Still a Buy?

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGLGet Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$22.76 and last traded at C$22.61, with a volume of 130016 shares. The stock had previously closed at C$22.47.

iShares Gold Bullion ETF (CAD-Hedged) Trading Up 0.6 %

The stock has a 50-day moving average price of C$21.20 and a 200 day moving average price of C$20.71.

About iShares Gold Bullion ETF (CAD-Hedged)

(Get Free Report)

The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund’s objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.

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