iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Sets New 12-Month High - Should You Buy?

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) reached a new 12-month high of C$28.29, reflecting increased investor interest.
• In mid-day trading, the stock last changed hands at C$28.27 with a total volume of 114,687 shares.
• The fund aims to replicate the performance of physical gold bullion by investing in long-term holdings of unencumbered gold, avoiding speculation on short-term price fluctuations.

Shares of iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$28.29 and last traded at C$28.27, with a volume of 114687 shares traded. The stock had previously closed at C$27.98.

iShares Gold Bullion ETF (CAD-Hedged) Stock Performance

The stock has a 50 day simple moving average of C$26.23 and a two-hundred day simple moving average of C$25.44.

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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