iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class (TSE:CDZ) Sets New 1-Year High - Here's Why

Key Points

• The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class (TSE:CDZ) reached a new 52-week high at C$38.38 during trading on Tuesday, showing a slight increase of 0.7% from its previous close.
• The ETF aims to replicate the performance of the S&P TSX Canadian Dividend Aristocrats Index through an indexing strategy, directly or indirectly using other iShares ETFs and derivatives.
• As of now, the ETF has a fifty-day moving average of C$37.62 and a two-hundred-day moving average of C$36.13, reflecting its recent price momentum.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class (TSE:CDZ - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$38.38 and last traded at C$38.38, with a volume of 2939 shares traded. The stock had previously closed at C$38.17.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class Stock Up 0.2%

The company has a 50-day simple moving average of C$37.75 and a two-hundred day simple moving average of C$36.21.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class Company Profile

The investment objective of the Fund is to replicate, to the extent possible, the performance of the S&P TSX Canadian Dividend Aristocrats Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.