iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Stock Price Up 3.8% - What's Next?

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) saw a 3.8% increase in stock price, closing at C$33.96 after a trading high of C$33.97.
• Trading volume surged by 214%, with 457,783 shares exchanged, compared to the average volume of 145,653 shares.
• The fund's investment strategy focuses on long-term holdings of physical gold bullion without speculating on short-term price fluctuations.

Shares of iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - ) traded up 3.8% during trading on Monday . The company traded as high as C$33.97 and last traded at C$33.96. 457,783 shares traded hands during trading, an increase of 214% from the average session volume of 145,653 shares. The stock had previously closed at C$32.71.

iShares Gold Bullion ETF (CAD-Hedged) Stock Performance

The stock's 50-day moving average price is C$28.68 and its two-hundred day moving average price is C$26.85.

iShares Gold Bullion ETF (CAD-Hedged) Company Profile

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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