iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$24.92 and traded as high as C$24.97. iShares Gold Bullion ETF (CAD-Hedged) shares last traded at C$24.94, with a volume of 106,599 shares changing hands.
iShares Gold Bullion ETF (CAD-Hedged) Stock Performance
The company has a 50 day simple moving average of C$25.05 and a two-hundred day simple moving average of C$22.83.
About iShares Gold Bullion ETF (CAD-Hedged)
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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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