The stock of iShares Dow Jns Cnd Slct Dvdnd Indx Fnd (TSE:XDV) hit a new 52-week high and has $24.97 target or 4.00% above today’s $24.01 share price. The 8 months bullish chart indicates low risk for the $1.48 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $24.97 price target is reached, the company will be worth $59.20 million 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 1,905 shares traded hands. iShares Dow Jns Cnd Slct Dvdnd Indx Fnd (TSE:XDV) has risen 7.73% since April 27, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.
More news for iShares Dow Jns Cnd Slct Dvdnd Indx Fnd (TSE:XDV) were recently published by: Seekingalpha.com, which released: “Putting My Dividend Ideas To The Test” on October 27, 2016. Seekingalpha.com‘s article titled: “3-Month Results For My Best Dividend Stock Picks For 2016” and published on April 14, 2016 is yet another important article.
iShares Dow Jones Canada Select Dividend Index Fund, formerly iShares CDN Dow Jones Canada Select Dividend Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the Dow Jones Canada Select Dividend Index through investments in the constituent issuers of such Index. The company has a market cap of $1.48 billion. The Index consists of 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by Dow Jones using a rules methodology, including an analysis of dividend growth, yield and average payout ratio. It currently has negative earnings. In the Index, the weight of any one company, in terms of market capitalization, is limited to 10%.
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