The stock of iShares S&P TSX 60 Index Fund (TSE:XIU) is a huge mover today! About 446,821 shares traded hands. iShares S&P TSX 60 Index Fund (TSE:XIU) has risen 9.62% since April 8, 2016 and is uptrending. It has outperformed by 4.64% the S&P500.
The move comes after 9 months positive chart setup for the $11.82 billion company. It was reported on Nov, 14 by Barchart.com. We have $33.09 PT which if reached, will make TSE:XIU worth $6.26 billion more.
More notable recent iShares S&P TSX 60 Index Fund (TSE:XIU) news were published by: Fool.ca which released: “Trim Your iShares S&P/TSX 60 Index Fund: Buy This Global ETF With Proceeds” on September 09, 2016, also Fool.ca with their article: “Here’s How to Invest in the S&P/TSX Composite â€” And Why You May Not Want To” published on July 24, 2013, Fool.ca published: “New Investors: Should You Buy ETFs or Stocks?” on February 18, 2016. More interesting news about iShares S&P TSX 60 Index Fund (TSE:XIU) were released by: Theglobeandmail.com and their article: “ETFs you should get to know – and those to avoid” published on August 24, 2012 as well as Theglobeandmail.com‘s news article titled: “Watch for changes to Canada’s biggest ETF as classification changes take hold” with publication date: September 01, 2016.
iShares S&P/TSX 60 Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index through investments in the constituent issuers of such index, net of expenses. The company has a market cap of $11.82 billion. The Index is comprised of 60 of the largest and liquid securities listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. It currently has negative earnings. The S&P/TSX 60 Index covers approximately 73% of Canada’s equity market capitalization.
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