iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Reaches New 52-Week High - Should You Buy?

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) reached a new 52-week high, trading at C$30.62 during mid-day on Monday.
• With a volume of 56,886 shares traded, the ETF's stock price showed a significant increase from its previous close of C$30.14.
• The fund's investment strategy focuses on long-term holdings of unencumbered gold bullion, replicated to closely track the price of physical gold.

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - )'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$30.62 and last traded at C$30.59, with a volume of 56886 shares traded. The stock had previously closed at C$30.14.

iShares Gold Bullion ETF (CAD-Hedged) Stock Performance

The firm has a 50 day moving average price of C$27.39 and a 200-day moving average price of C$26.25.

About iShares Gold Bullion ETF (CAD-Hedged)

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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