The stock of iShares S&P TSX Capped Fncls Indx Fnd (TSE:XFN) hit a new 52-week high and has $55.39 target or 62.00% above today’s $34.19 share price. The 7 months bullish chart indicates low risk for the $1.08B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $55.39 price target is reached, the company will be worth $669.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 119,599 shares traded hands. iShares S&P TSX Capped Fncls Indx Fnd (TSE:XFN) has risen 10.42% since April 15, 2016 and is uptrending. It has outperformed by 6.56% the S&P500.
More notable recent iShares S&P TSX Capped Fncls Indx Fnd (TSE:XFN) news were published by: Fool.ca which released: “Picking Banks: Exchange-Traded Funds or Single Stock Purchases?” on September 24, 2015, also Theglobeandmail.com with their article: “ETFs you should get to know – and those to avoid” published on August 24, 2012, Fool.ca published: “5 ETFs to Start a College Grad’s Retirement Fund” on April 15, 2015. More interesting news about iShares S&P TSX Capped Fncls Indx Fnd (TSE:XFN) were released by: Fool.ca and their article: “Risk Takers: Forget CI Financial Corp. and Buy This Financial Stock Instead” published on October 28, 2016 as well as Business.Financialpost.com‘s news article titled: “Jonathan Chevreau: Why fund investors should watch their weights” with publication date: August 11, 2015.
iShares S&P/TSX Capped Financials Index Fund, formerly iShares CDN S&P/TSX Capped Financials Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Financials Index through investments in the constituent issuers of such Index. The company has a market cap of $1.08 billion. The Index consists of securities of Canadian financial sector issuers 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 Index includes stocks belonging to the S&P/TSX Financial industry sector classification, with the weight of any one firm capped at 25% of the market capitalization of the Index.
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