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iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 1-Year High - Here's Why

iShares Gold Bullion ETF (CAD-Hedged) logo with background

Key Points

  • The iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) reached a new 52-week high at C$28.61, reflecting a 1.0% increase in trading value.
  • The ETF's main objective is to replicate the performance of the price of physical gold bullion, emphasizing long-term holdings over short-term speculation.
  • With a trading volume of 81,683 shares, the ETF noted an increase from its previous closing price of C$28.29.
  • MarketBeat previews the top five stocks to own by October 1st.

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$28.61 and last traded at C$28.61, with a volume of 81683 shares traded. The stock had previously closed at C$28.29.

iShares Gold Bullion ETF (CAD-Hedged) Trading Up 1.0%

The stock's fifty day moving average is C$26.51 and its two-hundred day moving average is C$25.67.

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.

Further Reading

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