The stock of ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) hit a new 52-week high and has $27.23 target or 6.00% above today’s $25.69 share price. The 6 months bullish chart indicates low risk for the $964.28M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $27.23 price target is reached, the company will be worth $57.86M 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 22,479 shares traded hands. ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) has risen 5.15% since April 18, 2016 and is uptrending. It has outperformed by 0.60% the S&P500.
More notable recent ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Theglobeandmail.com with their article: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” published on November 22, 2014, Business.Financialpost.com published: “Jonathan Chevreau: Why dividend funds are a smart financial move” on July 14, 2015. More interesting news about ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) were released by: Marketwired.com and their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” with publication date: September 07, 2016.
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