iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Sets New 1-Year High - Here's What Happened

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) reached a new 52-week high of C$29.72 during trading on Monday, with a trading volume of 52,802 shares.
• The ETF's fifty-day moving average is C$27.03, while the 200-day moving average stands at C$26.03.
• The investment objective of the fund is to replicate the performance of the price of physical gold bullion while minimizing fees and expenses.

Shares of iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - ) reached a new 52-week high during trading on Monday . The stock traded as high as C$29.72 and last traded at C$29.72, with a volume of 52802 shares trading hands. The stock had previously closed at C$29.25.

iShares Gold Bullion ETF (CAD-Hedged) Stock Up 1.6%

The firm's fifty day moving average price is C$27.03 and its 200 day moving average price is C$26.03.

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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