iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class (TSE:CDZ) Reaches New 52-Week High - Still a Buy?

Key Points

• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSE:CDZ) hit a new 52-week high, trading as high as C$44.63 and last at C$44.55 on volume of 12,740 shares (previous close C$44.34).
• The ETF is trading above its technical averages—50-day simple moving average C$43.41 and 200-day simple moving average C$41.82—and was up about 0.5%.
• The Fund aims to replicate the S&P/TSX Canadian Dividend Aristocrats Index using an indexing strategy, including investments in iShares ETFs and/or derivatives or sampling, to match index performance net of expenses.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class (TSE:CDZ - )'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$44.63 and last traded at C$44.55, with a volume of 12740 shares. The stock had previously closed at C$44.34.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF Common Class Stock Up 0.5%

The firm's 50 day simple moving average is C$43.41 and its two-hundred day simple moving average is C$41.82.

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

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.

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